Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Short Interest Down 38.5% in August

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 226,870 shares, a drop of 38.5% from the July 30th total of 368,780 shares. Based on an average trading volume of 79,001 shares, the short-interest ratio is currently 2.9 days. Currently, 2.3% of the company’s shares are sold short.

Exodus Movement Stock Performance

NYSEAMERICAN EXOD opened at $7.96 on Monday. The company has a market cap of $240.39 million, a P/E ratio of -2.64 and a beta of 1.90. The company has a fifty day simple moving average of $5.84 and a 200 day simple moving average of $7.24. Exodus Movement has a 12-month low of $4.57 and a 12-month high of $32.92.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its earnings results on Monday, August 10th. The company reported ($0.62) earnings per share for the quarter. Exodus Movement had a negative return on equity of 36.07% and a negative net margin of 79.87%.The business had revenue of $26.23 million during the quarter. Sell-side analysts predict that Exodus Movement will post -1.46 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on EXOD. Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Benchmark reduced their price objective on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Cantor Fitzgerald lifted their price objective on shares of Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Northland Securities set a $8.50 target price on shares of Exodus Movement in a research note on Wednesday, August 12th. Finally, BTIG Research decreased their price target on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $15.92.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EXOD. Royal Bank of Canada boosted its position in shares of Exodus Movement by 42,971.4% during the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock valued at $44,000 after buying an additional 3,008 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in Exodus Movement during the 1st quarter valued at $66,000. Bank of New York Mellon Corp bought a new stake in shares of Exodus Movement in the 2nd quarter worth $125,000. Aristides Capital LLC bought a new stake in shares of Exodus Movement in the 4th quarter worth $164,000. Finally, Bank of America Corp DE raised its holdings in shares of Exodus Movement by 17,155.2% in the first quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock valued at $218,000 after purchasing an additional 33,281 shares during the last quarter.

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.