Fold Holdings, Inc. (NASDAQ:FLD) Short Interest Down 61.6% in June

Fold Holdings, Inc. (NASDAQ:FLD) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 833,779 shares, a decline of 61.6% from the June 15th total of 2,173,812 shares. Based on an average daily volume of 682,406 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.1% of the company’s shares are sold short.

Fold Stock Performance

NASDAQ FLD opened at $0.48 on Monday. Fold has a one year low of $0.43 and a one year high of $4.73. The company’s 50 day moving average price is $0.85 and its 200 day moving average price is $1.41. The firm has a market capitalization of $24.27 million, a price-to-earnings ratio of -0.45 and a beta of 0.36.

Fold (NASDAQ:FLD) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.43). Fold had a negative return on equity of 90.99% and a negative net margin of 164.63%.The business had revenue of $5.59 million for the quarter, compared to analysts’ expectations of $9.99 million. Sell-side analysts forecast that Fold will post -0.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on FLD. Cantor Fitzgerald lowered their price objective on shares of Fold from $2.00 to $1.70 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Northland Securities set a $3.50 target price on Fold in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Fold in a report on Monday, June 15th. Wall Street Zen raised Fold from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Finally, HC Wainwright lowered their price target on Fold from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Fold presently has an average rating of “Hold” and a consensus price target of $2.73.

Insider Buying and Selling

In related news, Director Jonathan Kirkwood purchased 105,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of $0.61 per share, with a total value of $64,050.00. Following the completion of the transaction, the director owned 457,295 shares of the company’s stock, valued at approximately $278,949.95. This trade represents a 29.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have purchased 123,500 shares of company stock worth $84,890 and have sold 100,877 shares worth $115,831. Company insiders own 23.08% of the company’s stock.

Institutional Trading of Fold

A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in Fold in the 4th quarter valued at $26,000. Goldman Sachs Group Inc. acquired a new position in shares of Fold during the fourth quarter worth about $28,000. Abel Hall LLC acquired a new position in shares of Fold during the first quarter worth about $31,000. Aptus Capital Advisors LLC purchased a new stake in shares of Fold in the third quarter worth about $39,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Fold in the fourth quarter worth about $41,000. 56.89% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Fold

Here are the key news stories impacting Fold this week:

• Positive Sentiment: Multiple reports point to Samsung unveiling a wider Galaxy Z Fold 8 and a new Fold 8 Ultra variant, which could help validate consumer demand for premium foldables and keep the category in the spotlight. Samsung’s Unpacked Teaser Confirms the Z Fold 8 Ultra
• Positive Sentiment: Leaked renders, real-life photos, and teaser imagery suggest Samsung is making meaningful hardware changes to its foldables, including a wider display and possible S Pen support on the Ultra model, which could increase overall interest in foldable devices. Samsung Galaxy Z Fold 8 Wide: Samsung’s Biggest Foldable Upgrade Ever Revealed
• Positive Sentiment: Rumors that Samsung has already surfaced official-looking renders and store listings indicate the launch cycle is approaching, which can drive attention to the foldable category and related companies. Exclusive: Samsung Galaxy Z Fold 8 Official Renders
• Neutral Sentiment: Apple-related foldable rumors, including an “iPhone Fold,” add to broader buzz around foldable phones, but they do not directly affect Fold Holdings’ near-term fundamentals. iPhone Fold delay rumor flip-flop continues, new leak says everything is on time
• Negative Sentiment: Some leaks suggest the standard Galaxy Z Fold 8 could lose features to the Ultra model and that U.S. pricing may rise, which could hurt adoption if consumers view the devices as too expensive. Galaxy Z Fold 8, Fold 8 Ultra prices leak for US, and there might be bad news

Fold Company Profile

Fold, trading under the ticker FLD on the NASDAQ, is a financial technology company specializing in bitcoin rewards and cryptocurrency-based consumer products. The company’s core offering enables users to earn bitcoin on everyday purchases through a prepaid Visa debit card, converting traditional currency transactions into bitcoin rewards at no extra cost. By partnering with major payment networks and merchant platforms, Fold aims to bridge the gap between mainstream spending and digital asset adoption.

Beyond the debit card, Fold offers a mobile application that integrates with the Bitcoin Lightning Network to facilitate faster and more cost-efficient transactions.