Fold Holdings, Inc. (NASDAQ:FLD) Short Interest Down 61.6% in June

Fold Holdings, Inc. (NASDAQ:FLD) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 833,779 shares, a decrease of 61.6% from the June 15th total of 2,173,812 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average trading volume of 682,406 shares, the days-to-cover ratio is presently 1.2 days.

Fold Trading Up 6.8%

Shares of FLD stock traded up $0.03 during mid-day trading on Wednesday, reaching $0.46. The stock had a trading volume of 174,863 shares, compared to its average volume of 1,145,075. The company has a market cap of $23.26 million, a P/E ratio of -0.43 and a beta of 0.36. Fold has a 12-month low of $0.43 and a 12-month high of $4.70. The business has a 50-day simple moving average of $0.81 and a 200 day simple moving average of $1.38.

Fold (NASDAQ:FLD) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $5.59 million during the quarter, compared to analyst estimates of $9.99 million. Research analysts anticipate that Fold will post -0.68 EPS for the current year.

Wall Street Analyst Weigh In

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

More Fold News

Here are the key news stories impacting Fold this week:

• Positive Sentiment: Fold launched its Bitcoin Gift Card on TikTok Shop, expanding distribution to more than 1 billion monthly active users and over 70 million shoppers on the platform. Fold Brings Bitcoin to TikTok Shop
• Neutral Sentiment: Several articles about Samsung’s Galaxy Z Fold 8 and Apple foldable-phone rumors were also published, but these appear unrelated to Fold Holdings, Inc. and are unlikely to have a direct impact on FLD shares.
• Neutral Sentiment: Other tech coverage focused on foldable device design, trade-in values, and discounts for Samsung handsets, which may draw attention to the word “fold” but do not meaningfully affect Fold Holdings’ fundamentals.

Insider Buying and Selling

In related news, Director Jonathan Kirkwood bought 105,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were bought at an average cost of $0.61 per share, for a total transaction of $64,050.00. Following the transaction, the director owned 457,295 shares of the company’s stock, valued at approximately $278,949.95. This trade represents a 29.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders acquired 123,500 shares of company stock valued at $84,890 and sold 100,877 shares valued at $115,831. Company insiders own 23.08% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Barclays PLC purchased a new stake in Fold in the 4th quarter valued at approximately $26,000. Goldman Sachs Group Inc. purchased a new position in Fold during the fourth quarter worth $28,000. Abel Hall LLC acquired a new position in shares of Fold in the first quarter worth $31,000. Aptus Capital Advisors LLC acquired a new position in shares of Fold in the third quarter worth $39,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Fold in the fourth quarter valued at $41,000. 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.