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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 253,504 shares, a decline of 21.9% from the December 15th total of 324,565 shares. Currently, 2.8% of the company’s shares are short sold. Based on an average daily trading volume, of 100,606 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 100,606 shares, the short-interest ratio is currently 2.5 days. Currently, 2.8% of the company’s shares are short sold.

Analyst Ratings Changes

A number of analysts have recently weighed in on EXOD shares. HC Wainwright reaffirmed a “buy” rating and set a $25.00 price objective on shares of Exodus Movement in a research report on Thursday, December 18th. BTIG Research cut their price target on Exodus Movement from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Zacks Research lowered Exodus Movement from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Singular Research upgraded Exodus Movement to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Benchmark restated a “buy” rating on shares of Exodus Movement in a research note on Tuesday, November 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $46.71.

Exodus Movement Price Performance

Shares of NYSEAMERICAN:EXOD traded up $0.28 during trading on Friday, hitting $16.60. 73,587 shares of the company were exchanged, compared to its average volume of 97,305. The firm’s 50 day moving average price is $15.99 and its 200-day moving average price is $24.15. Exodus Movement has a 12-month low of $13.31 and a 12-month high of $117.40. The stock has a market capitalization of $486.88 million, a P/E ratio of 5.06 and a beta of 0.67.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.53 earnings per share for the quarter. The business had revenue of $30.34 million during the quarter. Exodus Movement had a return on equity of 27.16% and a net margin of 79.42%. As a group, equities research analysts anticipate that Exodus Movement will post 1.62 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Floyd Financial Group LLC purchased a new stake in shares of Exodus Movement during the 2nd quarter worth $1,087,000. Geode Capital Management LLC boosted its holdings in Exodus Movement by 109.0% during the second quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock worth $3,511,000 after buying an additional 63,501 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Exodus Movement during the second quarter worth about $2,118,000. Tidal Investments LLC acquired a new position in Exodus Movement during the second quarter worth about $9,444,000. Finally, Vident Advisory LLC purchased a new position in Exodus Movement in the second quarter valued at about $369,000.

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.