Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Sees Significant Growth in Short Interest

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 289,601 shares, a growth of 95.1% from the September 30th total of 148,431 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average trading volume of 46,538 shares, the days-to-cover ratio is presently 6.2 days.

Exodus Movement Price Performance

Shares of EXOD opened at $5.00 on Tuesday. Exodus Movement has a one year low of $4.57 and a one year high of $25.48. The firm has a market capitalization of $151 million, a PE ratio of -1.66 and a beta of 2.05. The company has a 50-day simple moving average of $6.69 and a two-hundred day simple moving average of $7.66.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.62) earnings per share (EPS) for the quarter. The firm had revenue of $26.23 million during the quarter. Exodus Movement had a negative return on equity of 36.07% and a negative net margin of 79.87%. Analysts expect that Exodus Movement will post -1.54 EPS for the current fiscal year.

Analyst Ratings Changes

EXOD has been the subject of a number of research reports. Zacks Research raised shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. BTIG Research decreased their target price on shares of Exodus Movement from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, September 15th. Northland Securities set a $8.50 price target on shares of Exodus Movement in a research note on Wednesday, August 12th. Cantor Fitzgerald upped their price target on shares of Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Benchmark reduced their price objective on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $15.25.

Insider Activity at Exodus Movement

In other Exodus Movement news, CFO James Gernetzke sold 5,682 shares of Exodus Movement stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $7.35, for a total transaction of $41,762.70. Following the transaction, the chief financial officer directly owned 463,988 shares of the company’s stock, valued at approximately $3,410,311.80. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 20,036 shares of company stock worth $150,568 over the last quarter. Company insiders own 67.67% of the company’s stock.

Hedge Funds Weigh In On Exodus Movement

An institutional investor recently raised its position in Exodus Movement stock. Bank of America Corp DE lifted its holdings in shares of Exodus Movement, Inc. (NYSEAMERICAN:EXOD) by 17,155.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,475 shares of the company’s stock after acquiring an additional 33,281 shares during the quarter. Bank of America Corp DE owned approximately 0.11% of Exodus Movement worth $218,000 as of its most recent SEC filing.

Exodus Movement Company Profile

Exodus Movement, Inc develops and operates a non-custodial cryptocurrency wallet platform. Its software enables users to manage, store, send and receive digital assets while retaining control of their private keys. The company’s products are designed for individuals seeking to interact with cryptocurrencies and other blockchain-based assets without relying on a centralized exchange to hold their funds.

Exodus offers wallet applications for desktop and mobile devices, along with browser-based tools.