Alpha Modus Holdings, Inc. (NASDAQ:AMOD) Sees Significant Decrease in Short Interest

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 841,311 shares, a drop of 33.8% from the May 14th total of 1,270,691 shares. Based on an average daily volume of 858,784 shares, the days-to-cover ratio is presently 1.0 days. Currently, 4.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Alpha Modus

Institutional investors have recently made changes to their positions in the company. Polar Asset Management Partners Inc. bought a new stake in shares of Alpha Modus in the 4th quarter worth about $62,000. Millennium Management LLC bought a new stake in shares of Alpha Modus in the 3rd quarter worth about $118,000. Geode Capital Management LLC lifted its holdings in shares of Alpha Modus by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 340,282 shares of the company’s stock worth $157,000 after acquiring an additional 38,131 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Alpha Modus in the 2nd quarter worth about $25,000. Institutional investors own 15.94% of the company’s stock.

Alpha Modus Stock Down 10.5%

AMOD stock opened at $5.12 on Wednesday. Alpha Modus has a 52 week low of $5.01 and a 52 week high of $104.00. The company has a fifty day simple moving average of $10.36 and a two-hundred day simple moving average of $19.55. The firm has a market capitalization of $21.09 million, a P/E ratio of -14.63 and a beta of 0.51.

Alpha Modus (NASDAQ:AMOD) last released its quarterly earnings data on Thursday, May 14th. The company reported ($128.00) EPS for the quarter, missing the consensus estimate of ($1.60) by ($126.40).

Wall Street Analyst Weigh In

Several equities analysts have commented on AMOD shares. Maxim Group started coverage on shares of Alpha Modus in a research report on Wednesday, March 25th. They set a “buy” rating and a $60.00 price objective for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alpha Modus in a research report on Friday, March 27th. Finally, Wall Street Zen lowered shares of Alpha Modus from a “hold” rating to a “sell” rating in a research report on Monday, March 16th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Alpha Modus currently has a consensus rating of “Hold” and an average price target of $60.00.

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.