MoneyHero Limited (NASDAQ:MNY) Short Interest Down 40.9% in July

Key Points

• MoneyHero Limited experienced a significant decline in short interest in July, dropping by 40.9% to 139,900 shares as of July 31st, with 1.2% of the stock sold short.
• The company reported a quarterly loss of ($0.10) earnings per share with a negative return on equity of 52.74% and a revenue of $363.72 million.
• Analysts have rated MoneyHero shares with a "hold" rating, while Greenridge Global has set a target price of $4.00 with a "strong-buy" recommendation.

MoneyHero Limited (NASDAQ:MNY - Get Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 139,900 shares, adecreaseof40.9% from the July 15th total of 236,600 shares. Based on an average trading volume of 296,100 shares, the days-to-cover ratio is presently 0.5 days. Approximately1.2% of the company's shares are short sold. Approximately1.2% of the company's shares are short sold. Based on an average trading volume of 296,100 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

MNY has been the subject of several recent analyst reports. Greenridge Global upgraded MoneyHero to a "strong-buy" rating and set a $4.00 price target for the company in a report on Monday, July 7th. Wall Street Zen raised MoneyHero to a "hold" rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Buy" and a consensus target price of $4.00.

MoneyHero Stock Up 4.6%

NASDAQ MNY traded up $0.08 during trading hours on Friday, hitting $1.82. 245,154 shares of the company traded hands, compared to its average volume of 165,808. The business's 50-day moving average is $1.42 and its 200-day moving average is $1.02. MoneyHero has a twelve month low of $0.5512 and a twelve month high of $2.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 2.37. The stock has a market capitalization of $76.28 million, a price-to-earnings ratio of -2.27 and a beta of 1.30.

MoneyHero (NASDAQ:MNY - Get Free Report) last issued its quarterly earnings results on Friday, June 13th. The company reported ($0.10) EPS for the quarter. MoneyHero had a negative net margin of 38.67% and a negative return on equity of 52.74%. The company had revenue of $363.72 million for the quarter. Sell-side analysts anticipate that MoneyHero will post -0.41 earnings per share for the current year.

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.