Short Interest in MoneyHero Limited (NASDAQ:MNY) Declines By 30.0%

MoneyHero Limited (NASDAQ:MNY) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 159,912 shares, a drop of 30.0% from the November 30th total of 228,569 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 125,775 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 125,775 shares, the short-interest ratio is presently 1.3 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Trading of MoneyHero

An institutional investor recently bought a new position in MoneyHero stock. Virtu Financial LLC bought a new stake in MoneyHero Limited (NASDAQ:MNY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,445 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 0.06% of MoneyHero as of its most recent SEC filing. Institutional investors own 30.86% of the company’s stock.

MoneyHero Stock Down 2.3%

Shares of NASDAQ:MNY traded down $0.03 on Monday, reaching $1.27. 66,704 shares of the company’s stock were exchanged, compared to its average volume of 91,996. MoneyHero has a fifty-two week low of $0.55 and a fifty-two week high of $2.40. The business’s 50-day moving average is $1.31 and its two-hundred day moving average is $1.43. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.01.

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

Analyst Upgrades and Downgrades

Several research firms have commented on MNY. Weiss Ratings reiterated a “sell (d-)” rating on shares of MoneyHero in a report on Monday, December 22nd. Wall Street Zen cut MoneyHero from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MoneyHero has an average rating of “Moderate Buy” and a consensus price target of $4.00.

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.