MoneyHero Limited (NASDAQ:MNY) Sees Large Decrease in Short Interest

MoneyHero Limited (NASDAQ:MNY) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 151,539 shares, a decline of 15.1% from the December 31st total of 178,472 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 28,117 shares, the short-interest ratio is currently 5.4 days. Based on an average daily trading volume, of 28,117 shares, the short-interest ratio is currently 5.4 days. Currently, 0.4% of the company’s shares are short sold.

MoneyHero Stock Up 0.2%

MoneyHero stock opened at $1.22 on Monday. The firm has a market capitalization of $51.26 million, a P/E ratio of -1.75 and a beta of 1.22. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.01. MoneyHero has a twelve month low of $0.55 and a twelve month high of $2.40. The stock’s fifty day simple moving average is $1.29 and its 200-day simple moving average is $1.49.

MoneyHero (NASDAQ:MNY) last released its earnings results on Friday, December 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). MoneyHero had a negative net margin of 35.36% and a negative return on equity of 56.10%. The company had revenue of $21.12 million during the quarter, compared to analysts’ expectations of $23.33 million. During the same quarter last year, the business posted $0.10 earnings per share. As a group, equities analysts expect that MoneyHero will post -0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MNY shares. Zacks Research cut shares of MoneyHero from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of MoneyHero in a report on Monday, December 29th. Finally, Wall Street Zen cut MoneyHero from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.00.

Institutional Trading of MoneyHero

An institutional investor recently bought a new position in MoneyHero stock. PFG Investments LLC purchased a new position in MoneyHero Limited (NASDAQ:MNY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 33,100 shares of the company’s stock, valued at approximately $47,000. PFG Investments LLC owned about 0.08% of MoneyHero as of its most recent SEC filing. Institutional investors and hedge funds own 30.86% of the company’s stock.

MoneyHero Company Profile

MoneyHero Group Ltd (NASDAQ: MNY) operates an online comparison marketplace that helps consumers research, compare and select a broad array of financial and lifestyle products. Through its digital platform, MoneyHero presents side-by-side comparisons for credit cards, personal loans, mortgages, various insurance policies, broadband and mobile plans, as well as utility services. The site features interactive tools such as personalized calculators, user reviews and curated offer alerts, designed to simplify complex product information and enhance consumer decision making.

Founded in Hong Kong in 2014, MoneyHero has expanded its presence to serve customers in Singapore and Malaysia.