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

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 347,433 shares, an increase of 38.9% from the February 26th total of 250,074 shares. Approximately 3.8% of the company’s stock are sold short. Based on an average trading volume of 80,098 shares, the short-interest ratio is presently 4.3 days.

Exodus Movement Price Performance

Shares of NYSEAMERICAN EXOD opened at $6.20 on Tuesday. The business has a 50-day moving average of $10.66 and a two-hundred day moving average of $17.33. The company has a market capitalization of $184.82 million, a price-to-earnings ratio of -9.69 and a beta of 1.06. Exodus Movement has a 1 year low of $6.12 and a 1 year high of $56.00.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its earnings results on Wednesday, March 11th. The company reported ($1.69) earnings per share for the quarter. The business had revenue of $29.39 million for the quarter. Exodus Movement had a negative return on equity of 4.28% and a negative net margin of 9.34%. As a group, equities research analysts expect that Exodus Movement will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

EXOD has been the subject of several analyst reports. Compass Point reissued a “buy” rating and set a $19.00 target price on shares of Exodus Movement in a research note on Thursday, March 12th. BTIG Research reduced their price target on Exodus Movement from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Benchmark lowered their price objective on Exodus Movement from $42.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Zacks Research lowered shares of Exodus Movement from a “hold” rating to a “strong sell” rating in a research note on Friday, March 13th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $25.00 target price on shares of Exodus Movement in a report on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $35.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EXOD. Geode Capital Management LLC raised its stake in Exodus Movement by 109.0% during the 2nd quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock worth $3,511,000 after acquiring an additional 63,501 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Exodus Movement in the second quarter valued at $2,118,000. Tidal Investments LLC acquired a new position in Exodus Movement in the second quarter valued at $9,444,000. Vident Advisory LLC acquired a new position in Exodus Movement in the second quarter valued at $369,000. Finally, Vontobel Holding Ltd. purchased a new position in shares of Exodus Movement during the third quarter worth about $388,000.

Exodus Movement Company Profile

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.