Exodus Movement, Inc. (NYSEAMERICAN:EXOD – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 368,780 shares, a growth of 137.0% from the July 15th total of 155,577 shares. Based on an average trading volume of 32,435 shares, the short-interest ratio is presently 11.4 days. Approximately 3.8% of the shares of the company are short sold.
Institutional Investors Weigh In On Exodus Movement
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of Exodus Movement by 42,971.4% during the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after acquiring an additional 3,008 shares in the last quarter. Impact Partnership Wealth LLC purchased a new position in shares of Exodus Movement in the first quarter valued at $66,000. Aristides Capital LLC bought a new stake in shares of Exodus Movement during the 4th quarter valued at $164,000. Vident Advisory LLC bought a new stake in shares of Exodus Movement during the 2nd quarter valued at $369,000. Finally, Vontobel Holding Ltd. lifted its holdings in Exodus Movement by 9.3% during the 4th quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock worth $226,000 after purchasing an additional 1,295 shares in the last quarter.
Exodus Movement Price Performance
NYSEAMERICAN:EXOD traded up $1.62 on Friday, reaching $7.77. 181,516 shares of the company’s stock were exchanged, compared to its average volume of 78,249. The firm has a market cap of $233.18 million, a price-to-earnings ratio of -2.58 and a beta of 1.90. The stock has a fifty day simple moving average of $5.50 and a 200-day simple moving average of $7.58. Exodus Movement has a 52 week low of $4.57 and a 52 week high of $32.92.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Northland Securities set a $8.50 price target on shares of Exodus Movement in a report on Wednesday. Cantor Fitzgerald increased their price objective on Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday. BTIG Research decreased their target price on Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Zacks Research upgraded Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Benchmark dropped their price target on Exodus Movement from $21.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Exodus Movement has an average rating of “Buy” and an average target price of $15.92.
Check Out Our Latest Report on Exodus Movement
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.
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