Alpha Modus Holdings, Inc. (NASDAQ:AMOD) Short Interest Up 208.5% in May

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 1,270,691 shares, an increase of 208.5% from the April 30th total of 411,924 shares. Currently, 6.4% of the shares of the company are sold short. Based on an average daily volume of 4,424,427 shares, the days-to-cover ratio is presently 0.3 days.

Alpha Modus Stock Down 0.3%

Alpha Modus stock opened at $0.23 on Friday. Alpha Modus has a 52 week low of $0.19 and a 52 week high of $2.60. The business has a 50-day simple moving average of $0.30 and a 200 day simple moving average of $0.55. The stock has a market cap of $12.43 million, a price-to-earnings ratio of -0.66 and a beta of 0.50.

Alpha Modus (NASDAQ:AMOD) last posted its earnings results on Thursday, May 14th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04).

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen cut Alpha Modus from a “hold” rating to a “sell” rating in a research report on Monday, March 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alpha Modus in a research report on Friday, March 27th. Finally, Maxim Group assumed coverage on Alpha Modus in a research report on Wednesday, March 25th. They issued a “buy” rating and a $1.50 price target for the company. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1.50.

Hedge Funds Weigh In On Alpha Modus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. purchased a new position in Alpha Modus during the fourth quarter worth about $62,000. Geode Capital Management LLC lifted its stake in Alpha Modus by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 340,282 shares of the company’s stock worth $157,000 after purchasing an additional 38,131 shares during the last quarter. Millennium Management LLC bought a new stake in Alpha Modus during the third quarter worth about $118,000. Finally, XTX Topco Ltd bought a new stake in Alpha Modus during the second quarter worth about $25,000. 15.94% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Modus Company Profile

Alpha Modus Holdings, Inc operates as a blank check company. The company was founded on December 13, 2024 and is headquartered in Cornelius, NC.