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

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 109,189 shares, a decline of 87.0% from the May 31st total of 841,311 shares. Approximately 6.8% of the shares of the company are sold short. Based on an average daily trading volume, of 47,761 shares, the short-interest ratio is presently 2.3 days.

Alpha Modus Stock Up 3.2%

NASDAQ AMOD opened at $4.13 on Friday. The stock has a market capitalization of $17.01 million, a P/E ratio of -0.29 and a beta of 0.51. Alpha Modus has a 52-week low of $3.79 and a 52-week high of $104.00. The firm has a 50-day moving average price of $8.78 and a 200 day moving average price of $18.12.

Alpha Modus (NASDAQ:AMOD) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($128.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($126.40).

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Alpha Modus from a “hold” rating to a “sell” rating in a report on Monday, March 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alpha Modus in a research note on Wednesday. Finally, Maxim Group began coverage on Alpha Modus in a report on Wednesday, March 25th. They issued a “buy” rating and a $60.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Alpha Modus currently has an average rating of “Hold” and an average target price of $60.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Polar Asset Management Partners Inc. acquired a new position in Alpha Modus during the fourth quarter worth $62,000. Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 38,131 shares during the period. Millennium Management LLC acquired a new stake in Alpha Modus in the third quarter valued at $118,000. Finally, XTX Topco Ltd acquired a new position in shares of Alpha Modus during the 2nd quarter worth $25,000. Institutional investors and hedge funds own 15.94% of the company’s stock.

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.