MoneyHero Limited (NASDAQ:MNY) Short Interest Down 30.0% in December

MoneyHero Limited (NASDAQ:MNY) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 159,912 shares, a drop of 30.0% from the November 30th total of 228,569 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 125,775 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 125,775 shares, the short-interest ratio is currently 1.3 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MoneyHero stock. Virtu Financial LLC acquired a new stake in MoneyHero Limited (NASDAQ:MNY) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 26,445 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned about 0.06% of MoneyHero at the end of the most recent quarter. Institutional investors own 30.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on MNY shares. Wall Street Zen cut MoneyHero from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of MoneyHero in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, MoneyHero has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

MoneyHero Price Performance

MNY traded down $0.03 during trading on Monday, reaching $1.27. The company had a trading volume of 66,704 shares, compared to its average volume of 91,996. The firm’s 50-day simple moving average is $1.31 and its 200 day simple moving average is $1.43. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.01. MoneyHero has a 12-month low of $0.55 and a 12-month high of $2.40.

MoneyHero (NASDAQ:MNY) last issued its earnings results on Friday, December 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). MoneyHero had a negative return on equity of 56.10% and a negative net margin of 35.36%.The business had revenue of $21.12 million during the quarter, compared to analyst estimates of $23.33 million. During the same period last year, the business earned $0.10 EPS. As a group, equities analysts forecast that MoneyHero will post -0.41 earnings per share for the current fiscal 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.