MoneyHero Limited (NASDAQ:MNY) Sees Large Drop in Short Interest

MoneyHero Limited (NASDAQ:MNY) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 138,093 shares, a decrease of 30.3% from the February 12th total of 198,265 shares. Based on an average daily trading volume, of 64,485 shares, the short-interest ratio is currently 2.1 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 64,485 shares, the short-interest ratio is currently 2.1 days.

MoneyHero Price Performance

MNY traded down $0.01 during trading on Friday, hitting $1.43. 29,109 shares of the company traded hands, compared to its average volume of 45,368. The company has a market cap of $59.72 million, a PE ratio of -2.04 and a beta of 1.19. MoneyHero has a 1 year low of $0.55 and a 1 year high of $2.40. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $1.31 and its two-hundred day simple moving average is $1.39.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of MoneyHero in a research note on Monday, December 29th. Zacks Research raised MoneyHero from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, MoneyHero presently has an average rating of “Hold” and an average price target of $4.00.

Institutional Investors Weigh In On MoneyHero

Hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of MoneyHero during the 3rd quarter valued at about $38,000. PFG Investments LLC bought a new position in MoneyHero during the third quarter valued at $47,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of MoneyHero by 20.9% in the 4th quarter. Renaissance Technologies LLC now owns 124,611 shares of the company’s stock worth $157,000 after acquiring an additional 21,500 shares during the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

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.