MoneyHero Limited (NASDAQ:MNY) Short Interest Update

MoneyHero Limited (NASDAQ:MNY) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 177,899 shares, a growth of 30.6% from the March 15th total of 136,266 shares. Based on an average trading volume of 37,723 shares, the short-interest ratio is currently 4.7 days. Approximately 0.5% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have commented on MNY shares. Zacks Research upgraded shares of MoneyHero from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of MoneyHero in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.00.

Institutional Trading of MoneyHero

Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in shares of 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 buying an additional 21,500 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of MoneyHero during the 3rd quarter worth approximately $38,000. Finally, PFG Investments LLC purchased a new stake in shares of MoneyHero during the 3rd quarter worth approximately $47,000. Hedge funds and other institutional investors own 30.86% of the company’s stock.

MoneyHero Stock Up 0.8%

NASDAQ MNY traded up $0.01 on Thursday, hitting $1.32. 11,047 shares of the stock were exchanged, compared to its average volume of 26,855. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.01. MoneyHero has a fifty-two week low of $0.66 and a fifty-two week high of $2.40. The company has a market cap of $55.32 million, a PE ratio of -1.89 and a beta of 1.26. The company has a 50-day moving average price of $1.36 and a 200-day moving average price of $1.32.

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.