Hello Group Inc. (NASDAQ:MOMO) Short Interest Update

Hello Group Inc. (NASDAQ:MOMO - Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 3,570,000 shares, a decline of 22.4% from the April 15th total of 4,600,000 shares. Based on an average trading volume of 2,240,000 shares, the short-interest ratio is currently 1.6 days. Approximately 2.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Hello Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in Hello Group by 1.6% during the third quarter. Invesco Ltd. now owns 10,032,288 shares of the information services provider's stock worth $70,025,000 after buying an additional 159,342 shares in the last quarter. Acadian Asset Management LLC boosted its position in Hello Group by 26.4% during the first quarter. Acadian Asset Management LLC now owns 7,377,789 shares of the information services provider's stock worth $45,781,000 after purchasing an additional 1,538,632 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Hello Group by 14.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,274,996 shares of the information services provider's stock valued at $29,711,000 after purchasing an additional 555,602 shares during the last quarter. LSV Asset Management grew its holdings in Hello Group by 33.5% in the first quarter. LSV Asset Management now owns 2,277,629 shares of the information services provider's stock valued at $14,144,000 after purchasing an additional 571,840 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in shares of Hello Group by 994.2% in the first quarter. Jupiter Asset Management Ltd. now owns 1,617,308 shares of the information services provider's stock valued at $10,043,000 after buying an additional 1,469,500 shares in the last quarter. 50.96% of the stock is owned by institutional investors and hedge funds.

Hello Group Stock Performance

NASDAQ MOMO traded down $0.03 during trading hours on Friday, hitting $6.05. 841,807 shares of the stock were exchanged, compared to its average volume of 1,553,582. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.16. The company has a market cap of $876.65 million, a price-to-earnings ratio of 4.38 and a beta of 0.67. Hello Group has a 12-month low of $5.30 and a 12-month high of $11.12. The stock has a 50-day moving average of $6.10 and a 200 day moving average of $6.45.

Hello Group (NASDAQ:MOMO - Get Free Report) last issued its earnings results on Thursday, March 14th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.02). The business had revenue of $422.95 million for the quarter, compared to analysts' expectations of $447.28 million. Hello Group had a return on equity of 17.23% and a net margin of 16.27%. As a group, equities research analysts forecast that Hello Group will post 1.46 earnings per share for the current year.

Hello Group Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th were issued a $0.52 dividend. This represents a yield of 8.97%. The ex-dividend date of this dividend was Thursday, April 11th.

Analyst Upgrades and Downgrades

MOMO has been the subject of a number of recent research reports. Benchmark decreased their price objective on Hello Group from $22.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, March 15th. StockNews.com lowered shares of Hello Group from a "buy" rating to a "hold" rating in a research report on Friday, March 22nd.

About Hello Group

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.