Fold Holdings, Inc. (NASDAQ:FLD) Short Interest Up 356.3% in June

Fold Holdings, Inc. (NASDAQ:FLD) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 2,173,812 shares, a growth of 356.3% from the May 31st total of 476,427 shares. Approximately 5.6% of the shares of the stock are sold short. Based on an average daily volume of 11,257,643 shares, the short-interest ratio is presently 0.2 days.

Insider Activity

In other Fold news, Director Jonathan Kirkwood bought 105,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of $0.61 per share, for a total transaction of $64,050.00. Following the acquisition, the director directly owned 457,295 shares of the company’s stock, valued at $278,949.95. This trade represents a 29.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have purchased 123,500 shares of company stock valued at $84,890 and have sold 101,915 shares valued at $121,481. 23.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fold

Hedge funds have recently made changes to their positions in the company. Abel Hall LLC acquired a new position in Fold in the 1st quarter worth approximately $31,000. Mariner LLC raised its stake in Fold by 60.9% during the 4th quarter. Mariner LLC now owns 63,518 shares of the company’s stock valued at $166,000 after purchasing an additional 24,038 shares during the period. Barclays PLC acquired a new stake in Fold during the 4th quarter valued at $26,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Fold in the fourth quarter valued at $41,000. Finally, State Street Corp lifted its holdings in shares of Fold by 110.8% in the fourth quarter. State Street Corp now owns 78,200 shares of the company’s stock valued at $204,000 after purchasing an additional 41,100 shares in the last quarter. Hedge funds and other institutional investors own 56.89% of the company’s stock.

Key Headlines Impacting Fold

Here are the key news stories impacting Fold this week:

• Positive Sentiment: New foldable-phone leaks and launch speculation around Samsung, Google, and Apple are keeping the foldable market in the spotlight, which may support sentiment for companies tied to the category. Phone Comparisons: Google Pixel 9 Pro Fold vs OPPO Find N5
• Positive Sentiment: Reports that Apple’s folding iPhone is progressing, with hinge issues reportedly improving, could reinforce investor enthusiasm for foldables as a growing product segment. Folding iPhone is reportedly on track with ‘most’ hinge issues resolved
• Neutral Sentiment: Multiple articles focused on rumored Galaxy Z Fold 8 design, colors, pricing, and launch timing, but these are speculative and do not directly change Fold Holdings’ fundamentals. Thinking of Buying the Samsung Galaxy Z Fold 8? Wait Until You See the Price
• Negative Sentiment: Short interest in Fold Holdings reportedly jumped sharply in June, signaling growing bearish bets that could weigh on the stock and increase volatility. Short interest report

Fold Stock Performance

Shares of FLD opened at $0.49 on Monday. The business’s 50-day moving average price is $1.05 and its 200 day moving average price is $1.59. The stock has a market capitalization of $25.09 million, a P/E ratio of -0.46 and a beta of 0.27. Fold has a 1-year low of $0.45 and a 1-year high of $4.73.

Fold (NASDAQ:FLD) last posted 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 company had revenue of $5.59 million for the quarter, compared to analyst estimates of $9.99 million. On average, research analysts predict that Fold will post -0.64 earnings per share for the current year.

Analyst Ratings Changes

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

About Fold

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.