Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Short Interest Update

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) saw a significant drop in short interest in the month of 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 days-to-cover ratio is presently 2.9 days. Currently, 2.3% of the shares of the stock are sold short.

Exodus Movement Stock Down 3.0%

Shares of EXOD stock traded down $0.23 during trading on Tuesday, hitting $7.37. The company had a trading volume of 109,909 shares, compared to its average volume of 84,058. The stock’s 50-day moving average is $5.87 and its two-hundred day moving average is $7.22. The stock has a market capitalization of $222.57 million, a price-to-earnings ratio of -2.45 and a beta of 1.90. Exodus Movement has a 52 week low of $4.57 and a 52 week high of $32.92.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXOD. FTX Recovery Trust bought a new position in Exodus Movement in the fourth quarter valued at $26,969,000. Vident Advisory LLC bought a new stake in Exodus Movement during the second quarter worth about $369,000. Goldman Sachs Group Inc. lifted its stake in Exodus Movement by 87.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 19,568 shares of the company’s stock worth $289,000 after purchasing an additional 9,106 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Exodus Movement by 52.8% in the 4th quarter. Invesco Ltd. now owns 15,722 shares of the company’s stock worth $233,000 after purchasing an additional 5,436 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Exodus Movement by 9.3% in the 4th quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock worth $226,000 after purchasing an additional 1,295 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EXOD shares. Cantor Fitzgerald boosted 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. Zacks Research raised shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Benchmark cut their price target on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a report on Monday, July 20th. BTIG Research reduced 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 report on Tuesday, May 12th. Finally, Northland Securities set a $8.50 price target on shares of Exodus Movement in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Exodus Movement has a consensus rating of “Buy” and a consensus target price of $15.92.

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.