Alpha Modus Holdings, Inc. (NASDAQ:AMOD) Short Interest Down 53.3% in June

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 50,972 shares, a decrease of 53.3% from the June 15th total of 109,189 shares. Currently, 3.2% of the company’s stock are sold short. Based on an average daily volume of 55,037 shares, the days-to-cover ratio is currently 0.9 days.

Analysts Set New Price Targets

AMOD has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alpha Modus in a research note on Wednesday, June 24th. Maxim Group began coverage on Alpha Modus in a research note on Wednesday, March 25th. They set a “buy” rating and a $60.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.00.

Alpha Modus Price Performance

Alpha Modus stock opened at $4.14 on Thursday. Alpha Modus has a 12 month low of $3.79 and a 12 month high of $104.00. The company has a fifty day moving average price of $6.44 and a two-hundred day moving average price of $16.16. The company has a market cap of $17.07 million, a PE ratio of -0.30 and a beta of 0.59.

Alpha Modus (NASDAQ:AMOD) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.60) by $1.52.

Hedge Funds Weigh In On Alpha Modus

Hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in shares of Alpha Modus during the 2nd quarter worth approximately $25,000. Polar Asset Management Partners Inc. acquired a new position in Alpha Modus during the 4th quarter valued at approximately $62,000. Millennium Management LLC bought a new position in Alpha Modus during the 3rd quarter worth $118,000. Finally, Geode Capital Management LLC grew its stake in Alpha Modus by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 340,282 shares of the company’s stock worth $157,000 after buying an additional 38,131 shares during the last quarter. 15.94% of the stock is currently owned by institutional investors and hedge funds.

About Alpha Modus

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