Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Short Interest Update

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 368,780 shares, an increase of 137.0% from the July 15th total of 155,577 shares. Based on an average daily volume of 32,435 shares, the days-to-cover ratio is presently 11.4 days. Currently, 3.8% of the company’s stock are short sold.

Institutional Investors Weigh In On Exodus Movement

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXOD. Royal Bank of Canada lifted its position in shares of Exodus Movement by 42,971.4% during the 4th quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after buying an additional 3,008 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in shares of Exodus Movement in the first quarter valued at approximately $66,000. Bank of New York Mellon Corp purchased a new stake in shares of Exodus Movement during the second quarter valued at approximately $125,000. Aristides Capital LLC purchased a new stake in shares of Exodus Movement during the fourth quarter valued at approximately $164,000. Finally, Bank of America Corp DE lifted its holdings in Exodus Movement by 17,155.2% during the first quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock worth $218,000 after acquiring an additional 33,281 shares during the period.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Cantor Fitzgerald upped their price objective on shares of Exodus Movement from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday. Northland Securities set a $8.50 price objective on shares of Exodus Movement in a report on Wednesday. Zacks Research raised shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Benchmark lowered their target price on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, BTIG Research dropped their price target on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $15.92.

Exodus Movement Trading Up 26.3%

Exodus Movement stock traded up $1.62 during trading on Friday, hitting $7.77. 181,516 shares of the company were exchanged, compared to its average volume of 48,402. The company has a market capitalization of $233.18 million, a P/E ratio of -2.58 and a beta of 1.90. The business’s 50 day moving average is $5.53 and its 200 day moving average is $7.58. Exodus Movement has a 52 week low of $4.57 and a 52 week high of $32.92.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.62) earnings per share (EPS) for the quarter. The firm had revenue of $26.23 million for the quarter. Exodus Movement had a negative return on equity of 36.07% and a negative net margin of 79.87%. Equities analysts expect that Exodus Movement will post -1.46 EPS for the current year.

About Exodus Movement

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.