Alpha Modus Holdings, Inc. (NASDAQ:AMOD) Sees Significant Increase in Short Interest

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 97,261 shares, an increase of 151.0% from the September 30th total of 38,752 shares. Based on an average daily volume of 24,581,786 shares, the short-interest ratio is presently 0.0 days. Approximately 8.9% of the shares of the stock are short sold.

Alpha Modus Price Performance

Shares of Alpha Modus stock traded up $0.10 during trading on Friday, reaching $1.12. 681,572 shares of the stock traded hands, compared to its average volume of 19,284,298. Alpha Modus has a 52-week low of $0.83 and a 52-week high of $52.00. The business has a fifty day simple moving average of $2.04 and a two-hundred day simple moving average of $10.81. The company has a market capitalization of $5.58 million, a price-to-earnings ratio of -0.14 and a beta of 0.58.

Alpha Modus (NASDAQ:AMOD) last posted its earnings results on Friday, August 14th. The company reported ($1.02) EPS for the quarter, topping analysts’ consensus estimates of ($1.60) by $0.58.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMOD shares. Wall Street Zen raised shares of Alpha Modus to a “sell” rating in a report on Saturday. Weiss Ratings downgraded shares of Alpha Modus from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.00.

About Alpha Modus

Alpha Modus Holdings, Inc (NASDAQ: AMOD) is a technology company focused on applying artificial intelligence and machine learning to retail and financial-market applications. Its solutions are designed to process and analyze large volumes of data to generate business and investment insights.

The company’s technology is intended to support retail analytics, including the evaluation of consumer behavior, market trends, pricing, and other operational factors. Alpha Modus also develops tools for financial-market analysis and decision-making, with an emphasis on using data-driven models to identify patterns and opportunities.

Alpha Modus serves businesses and financial-market participants seeking analytics and automation solutions.