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

Key Points

• Short interest fell 30.3% to 138,093 shares as of Feb. 27, leaving a days-to-cover ratio of 2.1 and representing about 0.4% of the company's stock.
• Shares traded at $1.43 (down 0.3%) with a market cap of roughly $59.7M, a negative P/E (-2.04), and a 52-week range of $0.55–$2.40, while recent volume was below average.
• Analyst coverage is mixed—MarketBeat's consensus is a Hold with an average target of $4.00—and institutional ownership is about 30.9%, with Renaissance Technologies recently increasing its stake.

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

MoneyHero Stock Down 0.3%

Shares of NASDAQ MNY traded down $0.01 during midday trading on Friday, hitting $1.43. The stock had a trading volume of 29,109 shares, compared to its average volume of 44,382. The business's 50 day moving average is $1.31 and its 200-day moving average is $1.39. MoneyHero has a 52 week low of $0.55 and a 52 week high of $2.40. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.01. The company has a market cap of $59.72 million, a P/E ratio of -2.04 and a beta of 1.19.

Analyst Ratings Changes

A number of research firms recently weighed in on MNY. Zacks Research raised MoneyHero from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Weiss Ratings reissued a "sell (d-)" rating on shares of MoneyHero in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $4.00.

Institutional Trading of MoneyHero

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its holdings in shares of MoneyHero by 20.9% in 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 bought a new position in shares of MoneyHero during the third quarter valued at $47,000. Finally, Virtu Financial LLC bought a new position in shares of MoneyHero during the third quarter valued at $38,000. 30.86% of the stock is currently owned by hedge funds and other institutional investors.

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.

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