MoneyHero Limited (NASDAQ:MNY) Shares Shorted: Short Interest Down 33.8% in October

MoneyHero Limited (NASDAQ:MNY) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 21,622 shares, a decline of 33.8% from the September 30th total of 32,673 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 13,873 shares, the short-interest ratio is currently 1.6 days.

MoneyHero Trading Up 3.7%

NASDAQ:MNY traded up $0.02 on Tuesday, hitting $0.56. 359 shares of the stock were exchanged, compared to its average volume of 35,187. The stock has a fifty day moving average of $0.71 and a 200-day moving average of $1.09. The stock has a market cap of $24.54 million, a PE ratio of -1.70 and a beta of 1.28. MoneyHero has a fifty-two week low of $0.38 and a fifty-two week high of $1.60.

MoneyHero (NASDAQ:MNY) last released its quarterly earnings data on Saturday, September 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). MoneyHero had a negative net margin of 14.85% and a negative return on equity of 21.04%. The firm had revenue of $15.75 million during the quarter, compared to analyst estimates of $21.53 million. As a group, analysts predict that MoneyHero will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MNY shares. Weiss Ratings lowered MoneyHero from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 18th. Zacks Research downgraded MoneyHero from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Two analysts have rated the stock with a Sell rating. According to MarketBeat, MoneyHero currently has an average rating of “Sell”.

MoneyHero Company Profile

MoneyHero Group Limited (NASDAQ:MNY) operates a digital personal finance platform serving consumers across Greater Southeast Asia. Through its online comparison websites and marketplaces, the company helps users research and compare financial products offered by banks, insurers and other financial institutions.

Its product categories include credit cards, personal loans, insurance policies and other personal finance services. MoneyHero generally earns revenue by generating qualified customer leads, completed applications or other customer actions for its financial-provider partners, rather than by directly providing most of the financial products listed on its platforms.

The company’s operations include brands such as MoneyHero, SingSaver and Money101, with coverage extending to markets including Hong Kong, Singapore, Taiwan and the Philippines, as well as selected other Southeast Asian markets.