MoneyHero Limited (NASDAQ:MNY) Short Interest Down 30.0% in December

MoneyHero Limited (NASDAQ:MNY) was the target of a significant drop in short interest during 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. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 125,775 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 125,775 shares, the short-interest ratio is presently 1.3 days. Approximately 0.5% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MNY. Wall Street Zen cut shares of MoneyHero from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MoneyHero in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

Institutional Trading of MoneyHero

An institutional investor recently bought a new position in MoneyHero stock. Virtu Financial LLC purchased a new stake in MoneyHero Limited (NASDAQ:MNY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,445 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 0.06% of MoneyHero at the end of the most recent reporting period. Institutional investors and hedge funds own 30.86% of the company’s stock.

MoneyHero Price Performance

MoneyHero stock traded down $0.02 during trading hours on Tuesday, reaching $1.25. 144,605 shares of the stock were exchanged, compared to its average volume of 92,977. MoneyHero has a 52-week low of $0.55 and a 52-week high of $2.40. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $1.32 and its 200 day moving average is $1.44.

MoneyHero (NASDAQ:MNY) last issued its quarterly 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). The firm had revenue of $21.12 million for the quarter, compared to analyst estimates of $23.33 million. MoneyHero had a negative return on equity of 56.10% and a negative net margin of 35.36%.During the same quarter last year, the firm earned $0.10 earnings per share. On average, equities analysts forecast that MoneyHero will post -0.41 earnings per share 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.