Alpha Modus Holdings, Inc. (NASDAQ:AMOD) Short Interest Up 208.5% in May

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,270,691 shares, a growth of 208.5% from the April 30th total of 411,924 shares. Approximately 6.4% of the shares of the company are short sold. Based on an average trading volume of 4,424,427 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Alpha Modus

A number of large investors have recently bought and sold shares of the company. Polar Asset Management Partners Inc. purchased a new stake in Alpha Modus in the fourth quarter worth $62,000. Geode Capital Management LLC grew its position in shares of Alpha Modus by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 340,282 shares of the company’s stock valued at $157,000 after purchasing an additional 38,131 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Alpha Modus in the third quarter valued at $118,000. Finally, XTX Topco Ltd purchased a new position in shares of Alpha Modus in the second quarter valued at $25,000. 15.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on AMOD shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alpha Modus in a report on Friday, March 27th. Wall Street Zen lowered Alpha Modus from a “hold” rating to a “sell” rating in a report on Monday, March 16th. Finally, Maxim Group initiated coverage on Alpha Modus in a research report on Wednesday, March 25th. They issued a “buy” rating and a $1.50 target price for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Alpha Modus presently has an average rating of “Hold” and an average target price of $1.50.

Alpha Modus Price Performance

NASDAQ:AMOD opened at $0.23 on Friday. The business has a fifty day simple moving average of $0.30 and a two-hundred day simple moving average of $0.55. Alpha Modus has a 1 year low of $0.19 and a 1 year high of $2.60. The company has a market capitalization of $12.43 million, a P/E ratio of -0.66 and a beta of 0.50.

Alpha Modus (NASDAQ:AMOD) last released its earnings results on Thursday, May 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04).

Alpha Modus Company Profile

Alpha Modus Holdings, Inc operates as a blank check company. The company was founded on December 13, 2024 and is headquartered in Cornelius, NC.