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

Key Points

• Short interest surged 137% to 368,780 shares as of July 31, representing 3.8% of Exodus Movement’s outstanding stock and an 11.4-day short-interest ratio.
• Analysts maintain a generally positive outlook, with an average “Buy” rating and a consensus price target of $15.92, despite several recent target reductions.
• EXOD shares rose 26.3% to $7.77, while the company reported a quarterly loss of $0.62 per share, $26.23 million in revenue, and a negative 79.87% net margin.

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

Wall Street Analysts Forecast Growth

EXOD has been the topic of several recent research reports. Benchmark dropped their price target on shares of Exodus Movement from $21.00 to $12.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Cantor Fitzgerald lifted their target price on Exodus Movement from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Wednesday. Zacks Research upgraded Exodus Movement from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. BTIG Research lowered their price target on Exodus Movement from $20.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, May 12th. Finally, Northland Securities set a $8.50 price target on Exodus Movement in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Exodus Movement presently has an average rating of "Buy" and a consensus price target of $15.92.

Exodus Movement Stock Up 26.3%

EXOD stock traded up $1.62 during trading on Friday, reaching $7.77. The stock had a trading volume of 181,516 shares, compared to its average volume of 78,249. The company has a market capitalization of $233.18 million, a price-to-earnings ratio of -2.58 and a beta of 1.90. Exodus Movement has a one year low of $4.57 and a one year high of $32.92. The company's 50 day moving average is $5.50 and its two-hundred day moving average is $7.58.

Exodus Movement (NYSEAMERICAN:EXOD - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported ($0.62) EPS for the quarter. The firm had revenue of $26.23 million for the quarter. Exodus Movement had a negative return on equity of 34.18% and a negative net margin of 79.87%. As a group, research analysts predict that Exodus Movement will post -1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EXOD. Bank of New York Mellon Corp purchased a new stake in shares of Exodus Movement during the 2nd quarter valued at $125,000. Bank of America Corp DE boosted its holdings in shares of Exodus Movement by 17,155.2% in the 1st quarter. Bank of America Corp DE now owns 33,475 shares of the company's stock worth $218,000 after buying an additional 33,281 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in shares of Exodus Movement in the 1st quarter worth about $66,000. Aristides Capital LLC bought a new position in Exodus Movement during the fourth quarter valued at about $164,000. Finally, Invesco Ltd. grew its position in Exodus Movement by 52.8% during the fourth quarter. Invesco Ltd. now owns 15,722 shares of the company's stock valued at $233,000 after buying an additional 5,436 shares during the period.

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.

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