Fold Holdings, Inc. (NASDAQ:FLD) Short Interest Down 22.6% in March

Fold Holdings, Inc. (NASDAQ:FLD) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 329,332 shares, a decline of 22.6% from the February 26th total of 425,685 shares. Based on an average daily trading volume, of 136,937 shares, the short-interest ratio is currently 2.4 days. Currently, 2.1% of the shares of the company are sold short.

Insider Buying and Selling at Fold

In related news, CFO Wolfe Repass sold 21,857 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $1.48, for a total transaction of $32,348.36. Following the sale, the chief financial officer owned 150,377 shares in the company, valued at $222,557.96. This represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 97,343 shares of company stock worth $143,718. 66.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fold

A number of hedge funds have recently made changes to their positions in FLD. Barclays PLC bought a new position in Fold in the 4th quarter worth approximately $26,000. Goldman Sachs Group Inc. bought a new stake in Fold during the 4th quarter valued at $28,000. SevenBridge Financial Group LLC acquired a new position in Fold during the 3rd quarter worth $39,000. Aptus Capital Advisors LLC bought a new position in shares of Fold in the third quarter worth $39,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Fold in the fourth quarter worth $41,000. Institutional investors own 56.89% of the company’s stock.

Fold Stock Performance

NASDAQ:FLD traded down $0.05 during mid-day trading on Monday, hitting $1.25. The stock had a trading volume of 81,150 shares, compared to its average volume of 157,279. 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 company has a 50 day simple moving average of $1.58 and a 200-day simple moving average of $2.65. The stock has a market capitalization of $62.29 million, a price-to-earnings ratio of -0.52 and a beta of 0.23. Fold has a 52 week low of $1.00 and a 52 week high of $6.94.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wall Street Zen lowered Fold from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. HC Wainwright cut their price target on Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Cantor Fitzgerald reduced their price objective on Fold from $4.50 to $2.00 and set an “overweight” rating for the company in a research report on Wednesday, March 18th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fold in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

About Fold

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.