Short Interest in Currenc Group Inc. (NASDAQ:CURR) Decreases By 39.4%

Currenc Group Inc. (NASDAQ:CURR) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 145,200 shares, a decline of 39.4% from the September 30th total of 239,600 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average trading volume of 248,100 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 248,100 shares, the short-interest ratio is currently 0.6 days. Approximately 1.4% of the company’s shares are short sold.

Currenc Group Trading Down 37.3%

Shares of NASDAQ:CURR traded down $1.41 on Monday, hitting $2.37. The company had a trading volume of 31,312,712 shares, compared to its average volume of 3,090,636. The stock has a 50 day moving average price of $1.78 and a 200 day moving average price of $1.41. Currenc Group has a 1-year low of $0.33 and a 1-year high of $7.08. The stock has a market cap of $110.28 million, a price-to-earnings ratio of -2.24 and a beta of 0.01.

Currenc Group (NASDAQ:CURR) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The company had revenue of $8.71 million for the quarter, compared to analyst estimates of $10.40 million.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CURR shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Currenc Group in a research report on Thursday. Zacks Research upgraded shares of Currenc Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $3.50.

Currenc Group Company Profile

Currenc Group, Inc engages in operating a fintech banking platform. It operates through the following segments: Remittance Services, Sales of Airtime, and Other Services. The company is headquartered in Singapore.