Alpha Modus Holdings, Inc. (NASDAQ:AMOD) Short Interest Down 33.8% in May

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 841,311 shares, a decline of 33.8% from the May 14th total of 1,270,691 shares. Based on an average daily trading volume, of 858,784 shares, the days-to-cover ratio is currently 1.0 days. Currently, 4.0% of the company’s stock are sold short.

Institutional Trading of Alpha Modus

Several large investors have recently added to or reduced their stakes in AMOD. XTX Topco Ltd purchased a new stake in Alpha Modus during the 2nd quarter valued at about $25,000. Millennium Management LLC purchased a new stake in Alpha Modus during the 3rd quarter valued at about $118,000. Geode Capital Management LLC lifted its holdings in shares of Alpha Modus by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 340,282 shares of the company’s stock valued at $157,000 after buying an additional 38,131 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Alpha Modus in the 4th quarter valued at about $62,000. Hedge funds and other institutional investors own 15.94% of the company’s stock.

Alpha Modus Price Performance

Shares of AMOD stock opened at $5.72 on Tuesday. Alpha Modus has a 1-year low of $0.00 and a 1-year high of $6.64. The stock’s fifty day moving average price is $0.12 and its 200 day moving average price is $0.05. The company has a market cap of $943.11 million, a price-to-earnings ratio of -16.34 and a beta of 0.51.

Alpha Modus (NASDAQ:AMOD) last announced its earnings results on Thursday, May 14th. The company reported ($0.08) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wall Street Zen downgraded Alpha Modus from a “hold” rating to a “sell” rating in a research note on Monday, March 16th. Maxim Group assumed coverage on Alpha Modus in a research note on Wednesday, March 25th. They set a “buy” rating and a $0.04 target price on the stock. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Alpha Modus in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Alpha Modus presently has a consensus rating of “Hold” and an average price target of $0.04.

Alpha Modus Company Profile

Alpha Modus Holdings, Inc operates as a blank check company. The company was founded on December 13, 2024 and is headquartered in Cornelius, NC.