Alpha Modus Holdings, Inc. (NASDAQ:AMOD) Sees Large Decrease in Short Interest

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 109,189 shares, a drop of 87.0% from the May 31st total of 841,311 shares. Currently, 6.8% of the shares of the stock are sold short. Based on an average daily volume of 47,761 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMOD. XTX Topco Ltd acquired a new position in Alpha Modus in the second quarter valued at approximately $25,000. Geode Capital Management LLC grew its holdings 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 acquiring an additional 38,131 shares during the period. Millennium Management LLC acquired a new stake in Alpha Modus during the 3rd quarter worth $118,000. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Alpha Modus during the 4th quarter valued at $62,000. 15.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMOD shares. Maxim Group initiated coverage on shares of Alpha Modus in a research report on Wednesday, March 25th. They issued a “buy” rating and a $60.00 price target on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alpha Modus in a report on Wednesday. Finally, Wall Street Zen cut shares of Alpha Modus from a “hold” rating to a “sell” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.00.

Alpha Modus Stock Performance

AMOD traded up $0.11 during midday trading on Friday, hitting $4.11. The company had a trading volume of 26,804 shares, compared to its average volume of 51,955. The company has a market capitalization of $16.93 million, a PE ratio of -0.29 and a beta of 0.51. Alpha Modus has a twelve month low of $3.79 and a twelve month high of $104.00. The firm’s 50-day simple moving average is $8.57 and its 200-day simple moving average is $18.02.

Alpha Modus (NASDAQ:AMOD) last announced its earnings results on Thursday, May 14th. The company reported ($128.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($126.40).

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.