MoneyLion Inc. (NYSE:ML) Short Interest Up 25.2% in February

MoneyLion Inc. (NYSE:ML - Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 454,300 shares, an increase of 25.2% from the January 31st total of 362,900 shares. Currently, 6.1% of the company's shares are sold short. Based on an average daily volume of 219,400 shares, the short-interest ratio is presently 2.1 days.

MoneyLion Stock Performance

NYSE ML traded up $0.22 on Friday, reaching $87.77. 183,342 shares of the stock traded hands, compared to its average volume of 214,964. MoneyLion has a 12 month low of $36.65 and a 12 month high of $106.82. The company has a market cap of $974.33 million, a price-to-earnings ratio of 398.95 and a beta of 3.04. The company has a fifty day moving average price of $86.69 and a 200-day moving average price of $69.38.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Northland Securities boosted their target price on MoneyLion from $80.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Needham & Company LLC restated a "hold" rating on shares of MoneyLion in a report on Friday. Lake Street Capital reiterated a "hold" rating and issued a $82.00 target price (down previously from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, B. Riley downgraded MoneyLion from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $133.00 to $90.00 in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.83.

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Insider Buying and Selling at MoneyLion

In other MoneyLion news, CAO Mark Torossian sold 1,136 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total transaction of $99,127.36. Following the transaction, the chief accounting officer now owns 17,476 shares in the company, valued at $1,524,955.76. The trade was a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard Correia sold 3,502 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $300,331.52. Following the completion of the sale, the chief financial officer now directly owns 182,570 shares in the company, valued at approximately $15,657,203.20. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,403 shares of company stock worth $5,245,538 over the last ninety days. Company insiders own 11.90% of the company's stock.

Institutional Trading of MoneyLion

A number of hedge funds have recently added to or reduced their stakes in ML. Covestor Ltd raised its position in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company's stock worth $27,000 after acquiring an additional 255 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in MoneyLion in the fourth quarter valued at about $29,000. Point72 DIFC Ltd bought a new position in MoneyLion in the third quarter worth about $40,000. FMR LLC lifted its position in shares of MoneyLion by 154.6% during the third quarter. FMR LLC now owns 1,049 shares of the company's stock valued at $44,000 after buying an additional 637 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new stake in shares of MoneyLion in the 4th quarter valued at about $67,000. 31.43% of the stock is owned by hedge funds and other institutional investors.

MoneyLion Company Profile

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.