MoneyHero Limited (NASDAQ:MNY) Short Interest Down 25.1% in August

Key Points

• Short interest in MoneyHero Limited (NASDAQ:MNY) dropped by 25.1% in August, with total short interest falling to 100,200 shares as of August 31st.
• Analysts have recently upgraded MNY's rating to "strong buy" with a target price set at $4.00, reflecting positive market sentiment.
• Despite recent fluctuations, MoneyHero's stock is currently trading around $1.95, with a market cap of $81.72 million and a P/E ratio of -2.44.

MoneyHero Limited (NASDAQ:MNY - Get Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 100,200 shares, a decrease of 25.1% from the August 15th total of 133,800 shares. Based on an average daily trading volume, of 339,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the company's shares are sold short. Currently, 0.8% of the company's shares are sold short. Based on an average daily trading volume, of 339,800 shares, the days-to-cover ratio is currently 0.3 days.

MoneyHero Stock Performance

Shares of NASDAQ:MNY traded down $0.40 during trading on Friday, hitting $1.82. The stock had a trading volume of 1,864,165 shares, compared to its average volume of 369,931. The firm's fifty day moving average is $1.82 and its 200 day moving average is $1.14. MoneyHero has a 12 month low of $0.55 and a 12 month high of $2.40. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Greenridge Global raised MoneyHero to a "strong-buy" rating and set a $4.00 price objective for the company in a report on Monday, July 7th. Wall Street Zen raised MoneyHero to a "hold" rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Strong Buy" and a consensus target price of $4.00.

MoneyHero Company Profile

MoneyHero Limited operates as a personal finance company. It engages in operation of online financial comparison platforms and related services. The company offers its products under Money Hero, SingSaver, Money101, MoneyMax, CompareHero, Seedly, and Creatory brands. MoneyHero Limited operates in Singapore, Hong Kong, Taiwan, the Philippines, Malaysia, and Thailand.