Short interest rises significantly for Direxion and Exodus Movement

Direxion Daily MU Bull 2X Shares (NASDAQ:MUU) experienced a significant increase in short interest during July. As of July 31st, short interest reached 22,262,372 shares, representing a 134.6% growth from the July 15th total of 9,489,943 shares. Approximately 15.3% of the company's shares are currently short sold.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) also saw a substantial rise in short interest in July. By July 31st, short interest totaled 368,780 shares, up 137.0% from 155,577 shares on July 15th. Currently, 3.8% of the company's stock is sold short.

Regarding Exodus Movement, analysts have provided varying outlooks. While Benchmark lowered its price target to $12.00, Cantor Fitzgerald raised its target to $15.00. The stock maintains an average consensus rating of ‘Buy’ with a price target of $15.92.