MoneyHero Limited (NASDAQ:MNY) Short Interest Down 30.3% in February

MoneyHero Limited (NASDAQ:MNY) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 138,093 shares, a decrease of 30.3% from the February 12th total of 198,265 shares. Based on an average daily trading volume, of 64,485 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.4% of the company’s shares are short sold. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 64,485 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MoneyHero in a research note on Monday, December 29th. Zacks Research raised shares of MoneyHero from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.00.

Institutional Trading of MoneyHero

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in MoneyHero by 20.9% during the 4th quarter. Renaissance Technologies LLC now owns 124,611 shares of the company’s stock worth $157,000 after purchasing an additional 21,500 shares in the last quarter. PFG Investments LLC purchased a new stake in MoneyHero during the third quarter worth approximately $47,000. Finally, Virtu Financial LLC purchased a new stake in MoneyHero during the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 30.86% of the company’s stock.

MoneyHero Trading Up 2.5%

MoneyHero stock traded up $0.04 during midday trading on Monday, reaching $1.46. The stock had a trading volume of 8,417 shares, compared to its average volume of 44,531. The stock’s 50-day simple moving average is $1.31 and its 200 day simple moving average is $1.39. MoneyHero has a twelve month low of $0.55 and a twelve month high of $2.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market capitalization of $61.19 million, a PE ratio of -2.09 and a beta of 1.19.

MoneyHero Company Profile

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.