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

MoneyHero Limited (NASDAQ:MNY) was the recipient of a significant decline in short interest during the month of 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 volume of 54,197 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

MoneyHero Stock Up 2.4%

Shares of NASDAQ:MNY opened at $0.85 on Tuesday. The stock’s 50-day moving average is $1.28 and its 200 day moving average is $1.30. The company has a market cap of $37.26 million, a PE ratio of -2.83 and a beta of 1.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.90 and a quick ratio of 1.90. MoneyHero has a 1 year low of $0.66 and a 1 year high of $2.40.

MoneyHero (NASDAQ:MNY) last released its quarterly earnings data 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 analysts’ expectations of $16.18 million. MoneyHero had a negative return on equity of 16.25% and a negative net margin of 12.53%. Sell-side analysts anticipate that MoneyHero will post -0.02 EPS for the current year.

Institutional Trading of MoneyHero

A hedge fund recently bought a new position in MoneyHero stock. Virtu Financial LLC purchased a new stake in MoneyHero Limited (NASDAQ:MNY) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing. 30.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

MNY has been the topic of several recent analyst reports. 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 shares of MoneyHero from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday. One equities research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.00.

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.