Alpha Modus Holdings, Inc. (NASDAQ:AMOD) Sees Significant Drop in Short Interest

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 109,189 shares, a decrease of 87.0% from the May 31st total of 841,311 shares. Based on an average trading volume of 47,761 shares, the days-to-cover ratio is presently 2.3 days. Approximately 6.8% of the shares of the stock are sold short.

Alpha Modus Stock Performance

Shares of Alpha Modus stock opened at $4.13 on Friday. The stock has a 50 day moving average of $8.78 and a 200 day moving average of $18.12. The firm has a market capitalization of $17.01 million, a price-to-earnings ratio of -0.29 and a beta of 0.51. Alpha Modus has a fifty-two week low of $3.79 and a fifty-two week high of $104.00.

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

Hedge Funds Weigh In On Alpha Modus

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 38,131 shares during the period. Millennium Management LLC acquired a new stake in Alpha Modus in the third quarter valued at approximately $118,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Alpha Modus during the 4th quarter worth $62,000. Finally, XTX Topco Ltd purchased a new stake in Alpha Modus during the 2nd quarter worth about $25,000. Institutional investors and hedge funds own 15.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMOD. Weiss Ratings restated a “sell (e+)” rating on shares of Alpha Modus in a report on Wednesday. Wall Street Zen downgraded shares of Alpha Modus from a “hold” rating to a “sell” rating in a report on Monday, March 16th. Finally, Maxim Group initiated coverage on Alpha Modus in a research report on Wednesday, March 25th. They issued a “buy” rating and a $60.00 price target for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.00.

About Alpha Modus

Alpha Modus Holdings, Inc operates as a blank check company. The company was founded on December 13, 2024 and is headquartered in Cornelius, NC.