Fold Holdings, Inc. (NASDAQ:FLD) Sees Significant Growth in Short Interest

Fold Holdings, Inc. (NASDAQ:FLD) was the recipient of a significant growth in short interest in 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. Based on an average daily trading volume, of 11,257,643 shares, the days-to-cover ratio is presently 0.2 days. Currently, 5.6% of the shares of the company are short sold.

Key Stories 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

Analysts Set New Price Targets

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

Fold Stock Performance

NASDAQ FLD traded up $0.03 during trading on Friday, hitting $0.49. The stock had a trading volume of 911,863 shares, compared to its average volume of 6,748,092. Fold has a one year low of $0.45 and a one year high of $4.73. The stock has a market capitalization of $25.09 million, a price-to-earnings ratio of -0.46 and a beta of 0.26. The stock has a 50 day simple moving average of $1.05 and a 200 day simple moving average of $1.60.

Fold (NASDAQ:FLD) last released 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 net margin of 164.63% and a negative return on equity of 90.99%. The company had revenue of $5.59 million during the quarter, compared to analysts’ expectations of $9.99 million. On average, sell-side analysts predict that Fold will post -0.64 EPS for the current year.

Insider Buying and Selling at Fold

In other news, Director Jonathan Kirkwood bought 105,000 shares of Fold stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average cost of $0.61 per share, with a total value of $64,050.00. Following the acquisition, the director owned 457,295 shares of the company’s stock, valued at $278,949.95. The trade was a 29.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders bought 123,500 shares of company stock worth $84,890 and sold 101,915 shares worth $121,481. 23.08% of the stock is currently owned by insiders.

Institutional Trading of Fold

A number of hedge funds have recently added to or reduced their stakes in FLD. Barclays PLC purchased a new stake in shares of Fold in the 4th quarter worth approximately $26,000. Goldman Sachs Group Inc. purchased a new stake in Fold during the fourth quarter worth $28,000. Abel Hall LLC bought a new stake in Fold during the 1st quarter valued at $31,000. SevenBridge Financial Group LLC bought a new position in shares of Fold in the 3rd quarter worth $39,000. Finally, Aptus Capital Advisors LLC purchased a new stake in shares of Fold during the 3rd quarter worth $39,000. 56.89% of the stock is owned by hedge funds and other institutional investors.

Fold Company Profile

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.