Short Interest in Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Declines By 21.9%

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 253,504 shares, a drop of 21.9% from the December 15th total of 324,565 shares. Based on an average daily volume of 100,606 shares, the short-interest ratio is currently 2.5 days. Approximately 2.8% of the shares of the stock are sold short. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily volume of 100,606 shares, the short-interest ratio is currently 2.5 days.

Wall Street Analyst Weigh In

Several research firms have weighed in on EXOD. Singular Research raised Exodus Movement to a “strong-buy” rating in a report on Tuesday, November 18th. BTIG Research lowered their price objective on shares of Exodus Movement from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Zacks Research downgraded shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Benchmark reaffirmed a “buy” rating on shares of Exodus Movement in a report on Tuesday, November 25th. Finally, HC Wainwright reiterated a “buy” rating and issued a $25.00 price target on shares of Exodus Movement in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $46.71.

Institutional Investors Weigh In On Exodus Movement

A number of hedge funds and other institutional investors have recently made changes to their positions in EXOD. Tidal Investments LLC lifted its stake in shares of Exodus Movement by 2.7% in the 3rd quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock valued at $9,350,000 after purchasing an additional 9,002 shares in the last quarter. Geode Capital Management LLC raised its holdings in Exodus Movement by 109.0% in the second quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock valued at $3,511,000 after buying an additional 63,501 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Exodus Movement by 47.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,343 shares of the company’s stock valued at $3,010,000 after buying an additional 34,882 shares in the last quarter. Floyd Financial Group LLC purchased a new stake in Exodus Movement during the second quarter worth approximately $1,087,000. Finally, Vident Advisory LLC grew its stake in Exodus Movement by 61.4% during the third quarter. Vident Advisory LLC now owns 20,652 shares of the company’s stock worth $574,000 after buying an additional 7,857 shares during the period.

Exodus Movement Stock Performance

EXOD stock traded up $0.28 during trading on Friday, hitting $16.60. The stock had a trading volume of 73,587 shares, compared to its average volume of 97,305. The stock has a market cap of $486.88 million, a price-to-earnings ratio of 5.06 and a beta of 0.67. The company’s 50 day moving average price is $15.99 and its two-hundred day moving average price is $24.15. Exodus Movement has a 1-year low of $13.31 and a 1-year high of $117.40.

Exodus Movement (NYSEAMERICAN:EXOD) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.53 EPS for the quarter. The business had revenue of $30.34 million during the quarter. Exodus Movement had a net margin of 79.42% and a return on equity of 27.16%. As a group, sell-side analysts forecast that Exodus Movement will post 1.62 earnings per share for the current fiscal year.

About Exodus Movement

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.