Short Interest in MoneyHero Limited (NASDAQ:MNY) Drops By 45.5%

MoneyHero Limited (NASDAQ:MNY) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 287,700 shares, a drop of 45.5% from the March 31st total of 528,100 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,350,000 shares, the short-interest ratio is currently 0.2 days.

MoneyHero Stock Down 1.3 %

Shares of MNY traded down $0.03 during mid-day trading on Friday, reaching $2.32. 1,516,840 shares of the company’s stock traded hands, compared to its average volume of 1,215,377. The firm’s 50-day simple moving average is $2.01. The company has a market cap of $69.53 million, a PE ratio of -1.39 and a beta of 1.45. MoneyHero has a 12 month low of $0.74 and a 12 month high of $6.00.

Institutional Investors Weigh In On MoneyHero

Several institutional investors have recently bought and sold shares of the stock. Deltec Asset Management LLC acquired a new stake in MoneyHero in the fourth quarter worth approximately $45,000. Cantor Fitzgerald L. P. bought a new stake in shares of MoneyHero in the 4th quarter worth $108,000. Finally, Orland Properties Ltd acquired a new stake in shares of MoneyHero in the fourth quarter valued at $119,000. Institutional investors and hedge funds own 30.86% of the company’s stock.

About MoneyHero

MoneyHero Limited operates as a personal finance company. The company was founded in 2014 and is headquartered in Singapore.