Short Interest in MoneyLion Inc. (NYSE:ML) Declines By 21.7%

MoneyLion Inc. (NYSE:ML) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 363,800 shares, a decline of 21.7% from the November 15th total of 464,500 shares. Based on an average daily volume of 219,500 shares, the days-to-cover ratio is presently 1.7 days. Currently, 6.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

ML has been the subject of several recent research reports. Needham & Company LLC restated a “hold” rating and set a $100.00 target price on shares of MoneyLion in a research report on Wednesday. Lake Street Capital restated a “hold” rating and issued a $82.00 price objective (down from $109.00) on shares of MoneyLion in a research note on Wednesday. Oppenheimer upgraded MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, November 7th. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Northland Securities boosted their price objective on MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $100.00.

Insider Transactions at MoneyLion

In related news, insider Adam Vanwagner sold 6,165 shares of MoneyLion stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $70.00, for a total value of $431,550.00. Following the completion of the sale, the insider now directly owns 103,133 shares in the company, valued at approximately $7,219,310. This trade represents a 5.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chris Sugden sold 25,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $86.22, for a total value of $2,155,500.00. Following the completion of the transaction, the director now directly owns 1,062,505 shares of the company’s stock, valued at approximately $91,609,181.10. This trade represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,872 shares of company stock valued at $8,998,024 in the last ninety days. 11.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd grew its position in shares of MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after purchasing an additional 255 shares in the last quarter. ClariVest Asset Management LLC increased its stake in MoneyLion by 2.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 10,175 shares of the company’s stock worth $748,000 after acquiring an additional 257 shares during the last quarter. FMR LLC raised its holdings in shares of MoneyLion by 154.6% during the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock worth $44,000 after acquiring an additional 637 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of MoneyLion during the 3rd quarter valued at approximately $40,000. Finally, GSA Capital Partners LLP grew its holdings in shares of MoneyLion by 10.4% in the third quarter. GSA Capital Partners LLP now owns 14,427 shares of the company’s stock valued at $599,000 after purchasing an additional 1,360 shares in the last quarter. 31.43% of the stock is currently owned by institutional investors.

MoneyLion Price Performance

Shares of NYSE ML traded up $1.13 during mid-day trading on Friday, reaching $87.38. The company’s stock had a trading volume of 816,960 shares, compared to its average volume of 213,959. MoneyLion has a 52 week low of $36.65 and a 52 week high of $106.82. The stock has a fifty day moving average of $66.00 and a two-hundred day moving average of $62.97. The firm has a market capitalization of $970.01 million, a PE ratio of 397.55 and a beta of 3.08.

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.