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

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

MoneyHero Price Performance

MNY stock traded down $0.05 during trading hours on Friday, hitting $0.83. 110,705 shares of the stock traded hands, compared to its average volume of 71,834. The stock has a 50-day simple moving average of $1.29 and a 200 day simple moving average of $1.31. MoneyHero has a one year low of $0.66 and a one year high of $2.40. The company has a market cap of $36.38 million, a P/E ratio of -2.77 and a beta of 1.18. The company has a current ratio of 1.90, a quick ratio of 2.02 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) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.05). MoneyHero had a negative return on equity of 16.25% and a negative net margin of 12.53%.The business had revenue of $16.52 million during the quarter, compared to the consensus estimate of $16.18 million. Equities analysts forecast that MoneyHero will post -0.02 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MoneyHero stock. Virtu Financial LLC acquired a new stake in shares of MoneyHero Limited (NASDAQ:MNY) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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 quarter. Institutional investors and hedge funds 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.