Short Interest in MoneyHero Limited (NASDAQ:MNY) Decreases By 69.7%

MoneyHero Limited (NASDAQ:MNY) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 35,520 shares, a decline of 69.7% from the May 31st total of 117,303 shares. Based on an average daily trading volume, of 54,197 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Several equities analysts have weighed in on MNY shares. Zacks Research upgraded shares of MoneyHero from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. Weiss Ratings lowered MoneyHero from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $4.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in MoneyHero stock. Virtu Financial LLC bought a new position in MoneyHero Limited (NASDAQ:MNY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,445 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned about 0.06% of MoneyHero as of its most recent filing with the Securities and Exchange Commission (SEC). 30.86% of the stock is currently owned by institutional investors.

MoneyHero Trading Up 2.4%

Shares of MNY traded up $0.02 on Monday, hitting $0.85. 145,556 shares of the stock traded hands, compared to its average volume of 76,135. MoneyHero has a 1 year low of $0.66 and a 1 year high of $2.40. The stock’s 50 day moving average is $1.28 and its two-hundred day moving average is $1.30. The firm has a market capitalization of $37.26 million, a P/E ratio of -2.83 and a beta of 1.18. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.01.

MoneyHero (NASDAQ:MNY) last issued its quarterly earnings results on Wednesday, June 24th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The business had revenue of $16.52 million during the quarter, compared to analyst estimates of $16.18 million. MoneyHero had a negative net margin of 12.53% and a negative return on equity of 16.25%. As a group, sell-side analysts predict that MoneyHero will post -0.02 earnings per share for the current year.

About MoneyHero

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.