Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) Short Interest Update

Hello Group Inc. Sponsored ADR (NASDAQ:MOMO) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 3,319,840 shares, an increase of 28.2% from the January 15th total of 2,590,513 shares. Based on an average daily volume of 1,074,527 shares, the short-interest ratio is presently 3.1 days. Currently, 7.2% of the shares of the stock are sold short. Currently, 7.2% of the shares of the stock are sold short. Based on an average daily volume of 1,074,527 shares, the short-interest ratio is presently 3.1 days.

Hello Group Stock Up 0.5%

Shares of NASDAQ MOMO opened at $6.51 on Wednesday. Hello Group has a 12-month low of $5.12 and a 12-month high of $9.22. The firm’s 50-day simple moving average is $6.69 and its 200 day simple moving average is $7.16. The company has a market cap of $776.38 million, a price-to-earnings ratio of 7.84 and a beta of 0.34.

Hello Group (NASDAQ:MOMO) last posted its quarterly earnings data on Wednesday, December 10th. The information services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. Hello Group had a net margin of 5.96% and a return on equity of 10.07%. The firm had revenue of $372.16 million during the quarter, compared to analysts’ expectations of $362.80 million. During the same quarter last year, the company posted $2.70 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. On average, equities analysts expect that Hello Group will post 0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Jefferies Financial Group set a $8.10 price target on Hello Group in a research report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hello Group in a report on Monday, December 22nd. Finally, Zacks Research raised shares of Hello Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 15th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.55.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MOMO. Raymond James Financial Inc. bought a new stake in shares of Hello Group during the second quarter worth approximately $41,000. Loomis Sayles & Co. L P raised its position in shares of Hello Group by 322.1% during the 2nd quarter. Loomis Sayles & Co. L P now owns 5,390 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 4,113 shares during the last quarter. Quarry LP acquired a new position in shares of Hello Group in the 3rd quarter valued at $65,000. Barclays PLC boosted its position in shares of Hello Group by 696.8% in the 4th quarter. Barclays PLC now owns 10,000 shares of the information services provider’s stock worth $66,000 after purchasing an additional 8,745 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new position in shares of Hello Group in the 3rd quarter worth $88,000. Institutional investors own 50.96% of the company’s stock.

Hello Group Company Profile

Hello Group Inc (NASDAQ: MOMO) is a China-based technology company specializing in mobile social networking and interactive entertainment. Its flagship product, the Momo app, offers location-based social discovery services that enable users to find and connect with new friends based on shared interests and geographic proximity. The platform integrates instant messaging, group chat, and content-sharing features, while also providing premium subscriptions and in-app purchases such as virtual gifts and sticker packs.

In addition to Momo, Hello Group’s portfolio includes Tantan, a dating-focused social app designed to help users build meaningful relationships through profile matching and interest-driven swiping.