MoneyHero Limited (NASDAQ:MNY – Get Free Report) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 35,520 shares, a decline of 69.7% from the May 31st total of 117,303 shares. Based on an average trading volume of 54,197 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s stock are short sold.
Hedge Funds Weigh In On MoneyHero
A hedge fund recently bought a new position in MoneyHero stock. Virtu Financial LLC bought a new stake in MoneyHero Limited (NASDAQ:MNY – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,445 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 0.06% of MoneyHero as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 30.86% of the company’s stock.
MoneyHero Price Performance
Shares of MNY traded down $0.05 during trading hours on Friday, hitting $0.83. The stock had a trading volume of 110,705 shares, compared to its average volume of 71,834. MoneyHero has a 52 week low of $0.66 and a 52 week high of $2.40. The stock has a market capitalization of $36.38 million, a price-to-earnings ratio of -2.77 and a beta of 1.18. The company’s fifty day moving average is $1.29 and its two-hundred day moving average is $1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.90 and a quick ratio of 2.02.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on MNY shares. Weiss Ratings downgraded MoneyHero from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday. Zacks Research upgraded shares of MoneyHero from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.00.
View Our Latest Analysis on MNY
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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