Short Interest in Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Expands By 22.7%

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 324,565 shares, a growth of 22.7% from the November 30th total of 264,453 shares. Approximately 3.6% of the company’s shares are short sold. Based on an average daily trading volume, of 141,808 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily trading volume, of 141,808 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.6% of the company’s shares are short sold.

Exodus Movement Stock Up 0.1%

Shares of NYSEAMERICAN:EXOD opened at $14.79 on Friday. The firm has a market cap of $433.79 million, a price-to-earnings ratio of 4.51 and a beta of 0.68. Exodus Movement has a 12 month low of $13.31 and a 12 month high of $117.40. The company’s fifty day simple moving average is $17.60 and its 200 day simple moving average is $25.26.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXOD. BTIG Research reissued a “buy” rating and set a $40.00 price objective on shares of Exodus Movement in a research note on Tuesday, November 25th. HC Wainwright reiterated a “buy” rating and issued a $25.00 target price on shares of Exodus Movement in a report on Thursday, December 18th. Zacks Research lowered shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Singular Research raised Exodus Movement to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Benchmark reissued a “buy” rating on shares of Exodus Movement in a research note on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Exodus Movement presently has a consensus rating of “Buy” and an average target price of $48.14.

Institutional Investors Weigh In On Exodus Movement

Several institutional investors have recently bought and sold shares of EXOD. Tidal Investments LLC grew its stake in shares of Exodus Movement by 2.7% during the 3rd quarter. Tidal Investments LLC now owns 336,591 shares of the company’s stock worth $9,350,000 after acquiring an additional 9,002 shares in the last quarter. Millennium Management LLC boosted its holdings in Exodus Movement by 46.5% during the third quarter. Millennium Management LLC now owns 17,812 shares of the company’s stock worth $495,000 after purchasing an additional 5,651 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Exodus Movement by 47.5% in 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 purchasing an additional 34,882 shares in the last quarter. Vident Advisory LLC grew its position in Exodus Movement by 61.4% in the third quarter. Vident Advisory LLC now owns 20,652 shares of the company’s stock valued at $574,000 after purchasing an additional 7,857 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Exodus Movement in the 3rd quarter valued at $447,000.

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.