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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 357,968 shares, a growth of 68.0% from the August 31st total of 213,071 shares. Based on an average daily trading volume, of 77,222 shares, the short-interest ratio is presently 4.6 days. Approximately 3.7% of the company’s shares are sold short.

Analyst Ratings Changes

Several research firms recently weighed in on EXOD. Benchmark cut their price target on shares of Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Northland Securities set a $8.50 target price on shares of Exodus Movement in a research report on Wednesday, August 12th. Zacks Research raised shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Cantor Fitzgerald boosted 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, BTIG Research decreased their price target on shares of Exodus Movement from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Exodus Movement has a consensus rating of “Buy” and a consensus target price of $15.25.

Insider Activity at Exodus Movement

In related news, CFO James Gernetzke sold 5,682 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $7.35, for a total transaction of $41,762.70. Following the completion of the transaction, the chief financial officer owned 463,988 shares in the company, valued at $3,410,311.80. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 14,457 shares of company stock worth $111,026 in the last ninety days. 67.67% of the stock is owned by corporate insiders.

Institutional Trading of Exodus Movement

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FTX Recovery Trust purchased a new stake in shares of Exodus Movement in the 4th quarter worth approximately $26,969,000. Bank of America Corp DE raised its stake in Exodus Movement by 17,155.2% during the first quarter. Bank of America Corp DE now owns 33,475 shares of the company’s stock valued at $218,000 after buying an additional 33,281 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Exodus Movement by 20.2% in the first quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock worth $159,000 after acquiring an additional 4,124 shares in the last quarter. Aristides Capital LLC bought a new stake in Exodus Movement in the fourth quarter worth $164,000. Finally, Impact Partnership Wealth LLC purchased a new stake in shares of Exodus Movement in the first quarter worth $66,000.

Exodus Movement Stock Performance

Shares of Exodus Movement stock traded up $0.02 during trading on Wednesday, hitting $7.13. The company’s stock had a trading volume of 19,668 shares, compared to its average volume of 83,835. Exodus Movement has a 52 week low of $4.57 and a 52 week high of $32.21. The company has a market capitalization of $215.30 million, a PE ratio of -2.37 and a beta of 2.02. The company has a fifty day simple moving average of $6.68 and a two-hundred day simple moving average of $6.70.

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

Exodus Movement Company Profile

Exodus Movement, Inc develops self-custodial software for managing digital assets. Its primary product, Exodus Wallet, enables users to store, send, receive, buy, sell and exchange cryptocurrencies and other supported digital assets while retaining control of their private keys. The wallet is available across desktop and mobile platforms and is designed for both new and experienced cryptocurrency users.

The company also provides access to additional blockchain-related services, including staking, decentralized applications and Web3 functionality, through its wallet ecosystem.