MoneyHero Limited (NASDAQ:MNY) Sees Large Decrease in Short Interest

MoneyHero Limited (NASDAQ:MNY) saw a significant decline in short interest in 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 shares of the stock are short sold. Based on an average trading volume of 13,873 shares, the short-interest ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MNY. Weiss Ratings cut shares of MoneyHero from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 18th. Zacks Research downgraded shares of MoneyHero from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Two analysts have rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

MoneyHero Trading Down 2.1%

Shares of MNY stock opened at $0.56 on Wednesday. MoneyHero has a 12 month low of $0.38 and a 12 month high of $1.60. The company’s fifty day moving average price is $0.70 and its 200-day moving average price is $1.08. The stock has a market cap of $24.54 million, a PE ratio of -1.70 and a beta of 1.34.

MoneyHero (NASDAQ:MNY) last released its earnings results on Saturday, September 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $15.75 million during the quarter, compared to the consensus estimate of $21.53 million. MoneyHero had a negative return on equity of 21.04% and a negative net margin of 14.85%. On average, sell-side analysts forecast that MoneyHero will post -0.17 earnings per share for the current fiscal year.

About MoneyHero

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.