Society Pass Inc. sees short interest surge despite a "buy" rating and poor financial metrics.

Short interest in Society Pass Inc. (NASDAQ:SOPA) surged 42.2% in October, reaching 9,100 shares. Despite a "buy" rating from Ascendiant Capital Markets, which lowered its price target to $19.00, the company reported negative financial metrics including a 281.27% return on equity and 190.69% net margin. Society Pass operates fintech and e-commerce platforms in several countries.

November 16, 2024
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