MoneyHero Limited (NASDAQ:MNY) Sees Significant Increase in Short Interest

MoneyHero Limited (NASDAQ:MNY) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 198,265 shares, an increase of 40.4% from the January 29th total of 141,229 shares. Based on an average daily trading volume, of 48,636 shares, the days-to-cover ratio is currently 4.1 days. Currently, 0.6% of the company’s shares are short sold. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 48,636 shares, the days-to-cover ratio is currently 4.1 days.

Analyst Ratings Changes

MNY has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of MoneyHero in a research report on Monday, December 29th. Zacks Research lowered shares of MoneyHero from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.00.

Institutional Trading of MoneyHero

A number of hedge funds and other institutional investors have recently modified their holdings of MNY. PFG Investments LLC purchased a new position in MoneyHero during the 3rd quarter valued at about $47,000. Virtu Financial LLC purchased a new stake in MoneyHero in the third quarter worth about $38,000. Finally, Renaissance Technologies LLC increased its stake in shares of MoneyHero by 20.9% during the fourth quarter. Renaissance Technologies LLC now owns 124,611 shares of the company’s stock valued at $157,000 after purchasing an additional 21,500 shares in the last quarter. 30.86% of the stock is owned by hedge funds and other institutional investors.

MoneyHero Stock Performance

Shares of MNY opened at $1.42 on Monday. The company has a 50-day simple moving average of $1.28 and a two-hundred day simple moving average of $1.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market capitalization of $59.51 million, a PE ratio of -2.03 and a beta of 1.19. MoneyHero has a one year low of $0.55 and a one year high of $2.40.

MoneyHero (NASDAQ:MNY) last announced its earnings results on Friday, December 5th. The company reported ($0.10) earnings per share (EPS) 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 firm had revenue of $21.12 million during the quarter, compared to the consensus estimate of $23.33 million. During the same period in the prior year, the company posted $0.10 EPS. On average, analysts anticipate that MoneyHero will post -0.41 EPS for the current fiscal year.

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.