Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Short Interest Up 38.9% in March

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

Exodus Movement Trading Down 5.4%

EXOD stock traded down $0.37 during trading on Friday, hitting $6.48. 81,343 shares of the stock traded hands, compared to its average volume of 102,249. The stock has a market cap of $193.17 million, a price-to-earnings ratio of -10.12 and a beta of 1.04. Exodus Movement has a one year low of $6.22 and a one year high of $56.00. The company has a 50 day simple moving average of $10.87 and a 200 day simple moving average of $17.56.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXOD. HC Wainwright reaffirmed a “buy” rating and set a $25.00 price objective on shares of Exodus Movement in a report on Thursday, December 18th. Benchmark dropped their target price on Exodus Movement from $42.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, March 12th. BTIG Research cut their target price on Exodus Movement from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Zacks Research lowered Exodus Movement from a “hold” rating to a “strong sell” rating in a research note on Friday, March 13th. Finally, Compass Point reiterated a “buy” rating and set a $19.00 price objective on shares of Exodus Movement in a research note on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $35.00.

Institutional Investors Weigh In On Exodus Movement

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vontobel Holding Ltd. raised its position in Exodus Movement by 9.3% in the 4th quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock valued at $226,000 after purchasing an additional 1,295 shares during the last quarter. State of Wyoming bought a new stake in shares of Exodus Movement during the third quarter worth $58,000. Vident Advisory LLC increased its stake in shares of Exodus Movement by 10.8% in the fourth quarter. Vident Advisory LLC now owns 22,881 shares of the company’s stock valued at $338,000 after buying an additional 2,229 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Exodus Movement by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,491 shares of the company’s stock valued at $155,000 after buying an additional 2,951 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Exodus Movement by 42,971.4% in the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock valued at $44,000 after buying an additional 3,008 shares during the last quarter.

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.