Alpha Modus Holdings, Inc. (NASDAQ:AMOD) Short Interest Down 87.0% in June

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 109,189 shares, a decline of 87.0% from the May 31st total of 841,311 shares. Currently, 6.8% of the company’s stock are short sold. Based on an average trading volume of 47,761 shares, the short-interest ratio is presently 2.3 days.

Wall Street Analysts Forecast Growth

AMOD has been the topic of several analyst reports. Wall Street Zen lowered Alpha Modus from a “hold” rating to a “sell” rating in a research note on Monday, March 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of Alpha Modus in a research report on Wednesday. Finally, Maxim Group assumed coverage on shares of Alpha Modus in a report on Wednesday, March 25th. They issued a “buy” rating and a $60.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.00.

Alpha Modus Stock Performance

AMOD stock traded up $0.11 during trading on Friday, reaching $4.11. The company had a trading volume of 26,804 shares, compared to its average volume of 51,955. The firm has a 50-day simple moving average of $8.57 and a 200-day simple moving average of $18.02. The company has a market cap of $16.94 million, a price-to-earnings ratio of -0.29 and a beta of 0.51. Alpha Modus has a twelve month low of $3.79 and a twelve month high of $104.00.

Alpha Modus (NASDAQ:AMOD) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($128.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($126.40).

Institutional Trading of Alpha Modus

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of Alpha Modus in the second quarter valued at about $25,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Alpha Modus during the fourth quarter worth about $62,000. Millennium Management LLC purchased a new stake in Alpha Modus in the third quarter valued at approximately $118,000. Finally, Geode Capital Management LLC boosted its position in Alpha Modus by 12.6% in the fourth 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 last quarter. Institutional investors and hedge funds own 15.94% of the company’s stock.

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.