Short Interest in Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Increases By 22.7%

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 324,565 shares, a growth of 22.7% from the November 30th total of 264,453 shares. Based on an average daily trading volume, of 141,808 shares, the short-interest ratio is presently 2.3 days. Currently, 3.6% of the company’s stock are sold short. Currently, 3.6% of the company’s stock are sold short. Based on an average daily trading volume, of 141,808 shares, the short-interest ratio is presently 2.3 days.

Exodus Movement Price Performance

Shares of EXOD stock traded up $0.01 during mid-day trading on Wednesday, hitting $14.79. The company had a trading volume of 90,908 shares, compared to its average volume of 111,832. The stock’s 50 day moving average price is $17.79 and its 200-day moving average price is $25.33. Exodus Movement has a 52-week low of $13.31 and a 52-week high of $117.40. The company has a market capitalization of $433.79 million, a P/E ratio of 4.51 and a beta of 0.50.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.53 earnings per share for the quarter. The firm had revenue of $30.34 million during the quarter. Exodus Movement had a return on equity of 27.16% and a net margin of 79.42%. On average, equities research analysts expect that Exodus Movement will post 1.62 earnings per share for the current year.

Institutional Investors Weigh In On Exodus Movement

Several institutional investors have recently modified their holdings of the stock. State of Wyoming bought a new position in Exodus Movement in the 3rd quarter worth about $58,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Exodus Movement in the third quarter valued at approximately $209,000. Hussman Strategic Advisors Inc. bought a new position in Exodus Movement in the third quarter worth approximately $233,000. OMERS ADMINISTRATION Corp bought a new position in Exodus Movement in the first quarter worth approximately $262,000. Finally, Vident Advisory LLC purchased a new position in Exodus Movement during the 2nd quarter worth $369,000.

Wall Street Analyst Weigh In

Several research firms have commented on EXOD. Benchmark reissued a “buy” rating on shares of Exodus Movement in a research report on Tuesday, November 25th. BTIG Research reaffirmed a “buy” rating and set a $40.00 target price on shares of Exodus Movement in a research report on Tuesday, November 25th. Zacks Research lowered shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. HC Wainwright reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Exodus Movement in a research report on Thursday, December 18th. Finally, Singular Research upgraded shares of Exodus Movement to a “strong-buy” rating in a research note on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $48.14.

Exodus Movement Company Profile

Exodus Movement, Inc is a software company focused on developing user-friendly tools for managing digital assets. Its flagship product, the Exodus Wallet, is a non-custodial cryptocurrency wallet available on desktop and mobile platforms. The wallet enables users to secure, send, receive and exchange a broad range of digital currencies while retaining full control of their private keys. With built-in portfolio tracking and an integrated exchange feature powered by third-party liquidity providers, Exodus offers a one-stop interface for both newcomers and experienced crypto enthusiasts.

Since its initial release in mid-2016, Exodus has expanded support to over 100 cryptocurrencies and tokens, including major assets such as Bitcoin, Ethereum and Litecoin as well as numerous ERC-20 tokens.