Short Interest in Fold Holdings, Inc. (NASDAQ:FLD) Rises By 21.8%

Key Points

• Short interest rose 21.8% to 446,928 shares as of April 15, representing about 2.7% of shares outstanding and a short-interest ratio of 6.4 days based on average daily volume.
• Insider selling has accelerated: the CFO sold 21,857 shares in February and insiders sold 114,606 shares in the last 90 days, though insiders still own 23.08% of the company.
• Analyst sentiment is mixed — MarketBeat shows an average rating of "Moderate Buy" with a consensus price target of $5.00, but several firms have cut targets and issued downgrades (e.g., HC Wainwright to $3, Cantor Fitzgerald to $2).

Fold Holdings, Inc. (NASDAQ:FLD - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 446,928 shares, an increase of 21.8% from the March 31st total of 366,899 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average daily trading volume, of 69,689 shares, the short-interest ratio is currently 6.4 days.

Fold Stock Performance

Shares of FLD opened at $1.50 on Thursday. The company has a market cap of $74.75 million, a PE ratio of -0.63 and a beta of 0.27. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $1.36 and a 200-day moving average price of $2.28. Fold has a 12-month low of $1.00 and a 12-month high of $5.54.

Analysts Set New Price Targets

A number of research firms recently issued reports on FLD. Weiss Ratings reiterated a "sell (d)" rating on shares of Fold in a research note on Thursday, January 22nd. HC Wainwright cut their price objective on shares of Fold from $7.00 to $3.00 and set a "buy" rating for the company in a research report on Wednesday, March 18th. Wall Street Zen raised shares of Fold from a "strong sell" rating to a "sell" rating in a research note on Saturday, April 18th. Finally, Cantor Fitzgerald decreased their target price on shares of Fold from $4.50 to $2.00 and set an "overweight" rating on the stock in a report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5.00.

Insiders Place Their Bets

In related news, CFO Wolfe Repass sold 21,857 shares of Fold stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $1.48, for a total value of $32,348.36. Following the completion of the transaction, the chief financial officer directly owned 150,377 shares in the company, valued at approximately $222,557.96. The trade was a 12.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 114,606 shares of company stock valued at $167,641. 23.08% of the stock is currently owned by insiders.

Institutional Trading of Fold

Hedge funds have recently made changes to their positions in the stock. SevenBridge Financial Group LLC bought a new position in shares of Fold during the 3rd quarter valued at about $39,000. Aptus Capital Advisors LLC bought a new stake in shares of Fold in the 3rd quarter worth approximately $39,000. Barclays PLC purchased a new position in Fold in the 4th quarter worth $26,000. Goldman Sachs Group Inc. bought a new stake in Fold in the fourth quarter worth $28,000. Finally, Squarepoint Ops LLC bought a new stake in Fold in the third quarter worth $46,000. 56.89% of the stock is owned by institutional investors.

Fold Company Profile

Fold, trading under the ticker FLD on the NASDAQ, is a financial technology company specializing in bitcoin rewards and cryptocurrency-based consumer products. The company's core offering enables users to earn bitcoin on everyday purchases through a prepaid Visa debit card, converting traditional currency transactions into bitcoin rewards at no extra cost. By partnering with major payment networks and merchant platforms, Fold aims to bridge the gap between mainstream spending and digital asset adoption.

Beyond the debit card, Fold offers a mobile application that integrates with the Bitcoin Lightning Network to facilitate faster and more cost-efficient transactions.

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