Fold Holdings, Inc. (NASDAQ:FLD) Short Interest Update

Key Points

• Fold Holdings, Inc. experienced a significant increase in short interest of 89.0% in September, reaching a total of 309,800 shares sold short.
• The company's stock price increased by 4.3% to $4.12, while it has a consensus target price of $7.83 from analysts.
• Large institutional investors, including Golden State Wealth Management and North Capital Inc., have recently acquired stakes in Fold Holdings, resulting in institutional ownership of 56.89% of the company's stock.

Fold Holdings, Inc. (NASDAQ:FLD - Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 309,800 shares, a growth of 89.0% from the August 31st total of 163,900 shares. Based on an average daily trading volume, of 713,900 shares, the short-interest ratio is presently 0.4 days. Currently, 2.9% of the shares of the company are sold short. Currently, 2.9% of the shares of the company are sold short. Based on an average daily trading volume, of 713,900 shares, the short-interest ratio is presently 0.4 days.

Fold Stock Up 4.3%

NASDAQ FLD opened at $4.12 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.60 and a quick ratio of 1.58. Fold has a 52-week low of $2.51 and a 52-week high of $14.00. The firm has a 50-day moving average price of $3.76 and a 200 day moving average price of $4.29.

Fold (NASDAQ:FLD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.08). The business had revenue of $8.18 million during the quarter, compared to the consensus estimate of $8.07 million.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FLD. Weiss Ratings restated a "sell (d)" rating on shares of Fold in a research report on Saturday, September 27th. Wall Street Zen downgraded Fold from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Finally, Cantor Fitzgerald began coverage on Fold in a report on Monday, July 28th. They issued an "overweight" rating and a $6.50 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.83.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in Fold in the second quarter valued at $25,000. North Capital Inc. purchased a new position in shares of Fold in the 2nd quarter valued at about $30,000. FNY Investment Advisers LLC acquired a new stake in shares of Fold in the second quarter valued at about $29,000. Harvest Portfolios Group Inc. purchased a new stake in Fold during the second quarter worth about $43,000. Finally, Van Hulzen Asset Management LLC purchased a new stake in Fold during the second quarter worth about $43,000. Hedge funds and other institutional investors own 56.89% of the company's stock.

Fold Company Profile

FTAC Emerald Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses or assets operating in the clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors.

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