MoneyHero Limited (NASDAQ:MNY) Short Interest Up 40.4% in February

MoneyHero Limited (NASDAQ:MNY) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 198,265 shares, an increase of 40.4% from the January 29th total of 141,229 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 48,636 shares, the days-to-cover ratio is presently 4.1 days. Based on an average daily volume of 48,636 shares, the days-to-cover ratio is presently 4.1 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in MoneyHero by 20.9% during the fourth quarter. Renaissance Technologies LLC now owns 124,611 shares of the company’s stock worth $157,000 after buying an additional 21,500 shares in the last quarter. Virtu Financial LLC bought a new position in shares of MoneyHero during the 3rd quarter worth about $38,000. Finally, PFG Investments LLC acquired a new stake in shares of MoneyHero during the 3rd quarter valued at about $47,000. 30.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MNY has been the subject of several research analyst reports. Zacks Research cut MoneyHero from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MoneyHero in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. According to MarketBeat, MoneyHero has an average rating of “Hold” and a consensus target price of $4.00.

MoneyHero Stock Up 0.7%

NASDAQ MNY opened at $1.43 on Wednesday. MoneyHero has a twelve month low of $0.55 and a twelve month high of $2.40. The stock has a market cap of $59.93 million, a PE ratio of -2.04 and a beta of 1.19. The firm has a 50-day simple moving average of $1.29 and a 200 day simple moving average of $1.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.96 and a current ratio of 1.96.

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