Fold Holdings, Inc. (NASDAQ:FLD) Short Interest Up 356.3% in June

Fold Holdings, Inc. (NASDAQ:FLD) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 2,173,812 shares, a growth of 356.3% from the May 31st total of 476,427 shares. Approximately 5.6% of the shares of the company are sold short. Based on an average daily volume of 11,257,643 shares, the short-interest ratio is currently 0.2 days.

Key Fold News

Here are the key news stories impacting Fold this week:

• Positive Sentiment: New foldable-phone leaks and launch speculation around Samsung, Google, and Apple are keeping the foldable market in the spotlight, which may support sentiment for companies tied to the category. Phone Comparisons: Google Pixel 9 Pro Fold vs OPPO Find N5
• Positive Sentiment: Reports that Apple’s folding iPhone is progressing, with hinge issues reportedly improving, could reinforce investor enthusiasm for foldables as a growing product segment. Folding iPhone is reportedly on track with ‘most’ hinge issues resolved
• Neutral Sentiment: Multiple articles focused on rumored Galaxy Z Fold 8 design, colors, pricing, and launch timing, but these are speculative and do not directly change Fold Holdings’ fundamentals. Thinking of Buying the Samsung Galaxy Z Fold 8? Wait Until You See the Price
• Negative Sentiment: Short interest in Fold Holdings reportedly jumped sharply in June, signaling growing bearish bets that could weigh on the stock and increase volatility. Short interest report

Analyst Ratings Changes

FLD has been the topic of a number of research reports. Wall Street Zen raised shares of Fold from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. Northland Securities set a $3.50 price target on shares of Fold in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fold in a research note on Monday, June 15th. Cantor Fitzgerald cut their price objective on shares of Fold from $2.00 to $1.70 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Finally, HC Wainwright reduced their price objective on Fold from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $2.73.

Insider Activity

In other Fold news, Director Jonathan Kirkwood purchased 105,000 shares of Fold stock in a transaction dated Friday, June 12th. The stock was purchased at an average price of $0.61 per share, with a total value of $64,050.00. Following the transaction, the director directly owned 457,295 shares of the company’s stock, valued at $278,949.95. This trade represents a 29.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders bought 123,500 shares of company stock worth $84,890 and sold 101,915 shares worth $121,481. 23.08% of the stock is currently owned by corporate insiders.

Institutional Trading of Fold

Several institutional investors and hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. purchased a new position in shares of Fold during the 2nd quarter valued at $445,000. Vontobel Holding Ltd. increased its stake in Fold by 12.6% in the 4th quarter. Vontobel Holding Ltd. now owns 90,223 shares of the company’s stock worth $235,000 after buying an additional 10,118 shares in the last quarter. State Street Corp increased its stake in Fold by 110.8% in the 4th quarter. State Street Corp now owns 78,200 shares of the company’s stock worth $204,000 after buying an additional 41,100 shares in the last quarter. Mariner LLC raised its holdings in Fold by 60.9% during the fourth quarter. Mariner LLC now owns 63,518 shares of the company’s stock valued at $166,000 after acquiring an additional 24,038 shares during the period. Finally, Osaic Holdings Inc. bought a new stake in Fold during the second quarter valued at about $121,000. 56.89% of the stock is currently owned by institutional investors.

Fold Price Performance

Shares of FLD stock traded up $0.03 during trading hours on Friday, reaching $0.49. 911,863 shares of the company traded hands, compared to its average volume of 6,748,092. The firm has a 50-day moving average price of $1.05 and a 200 day moving average price of $1.60. The company has a market cap of $25.09 million, a P/E ratio of -0.46 and a beta of 0.26. Fold has a 12-month low of $0.45 and a 12-month high of $4.73.

Fold (NASDAQ:FLD) last released its earnings results on Tuesday, May 12th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.43). Fold had a negative return on equity of 90.99% and a negative net margin of 164.63%.The firm had revenue of $5.59 million during the quarter, compared to analysts’ expectations of $9.99 million. Sell-side analysts predict that Fold will post -0.64 EPS for the current year.

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.