Short Interest in Alpha Modus Holdings, Inc. (NASDAQ:AMOD) Drops By 53.3%

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 50,972 shares, a decline of 53.3% from the June 15th total of 109,189 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 55,037 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in Alpha Modus in the 2nd quarter worth approximately $25,000. Millennium Management LLC purchased a new stake in shares of Alpha Modus in the 3rd quarter worth about $118,000. Geode Capital Management LLC raised its stake in Alpha Modus by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 340,282 shares of the company’s stock worth $157,000 after buying an additional 38,131 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Alpha Modus in the 4th quarter worth approximately $62,000. 15.94% of the stock is owned by institutional investors.

Alpha Modus Stock Performance

AMOD opened at $4.16 on Wednesday. The stock has a fifty day moving average of $6.54 and a 200-day moving average of $16.27. Alpha Modus has a fifty-two week low of $3.79 and a fifty-two week high of $104.00. The company has a market capitalization of $17.12 million, a P/E ratio of -0.30 and a beta of 0.59.

Alpha Modus (NASDAQ:AMOD) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.60) by $1.52.

Analyst Upgrades and Downgrades

AMOD has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alpha Modus in a research report on Wednesday, June 24th. Maxim Group initiated coverage on Alpha Modus in a research report on Wednesday, March 25th. They set a “buy” rating and a $60.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average 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.