Short Interest in Fathom Holdings Inc. (NASDAQ:FTHM) Grows By 143.0%

Key Points

• Fathom Holdings Inc. experienced a significant increase in short interest, with a rise of 143.0% in August, totaling 499,600 shares by August 31st.
• The company's stock is currently trading at $2.82, reflecting a 0.7% decrease, while it holds a market cap of $79.37 million and a P/E ratio of -2.66.
• Recent reports have led analysts to maintain a buy or hold rating on FTHM, with an average analyst rating also indicating a buy position.

Fathom Holdings Inc. (NASDAQ:FTHM - Get Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 499,600 shares, a growth of 143.0% from the August 15th total of 205,600 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily volume of 496,600 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 496,600 shares, the short-interest ratio is currently 1.0 days. Currently, 4.1% of the shares of the stock are short sold.

Fathom Stock Performance

Shares of Fathom stock traded down $0.23 on Thursday, reaching $2.40. The company had a trading volume of 818,063 shares, compared to its average volume of 1,560,198. The firm's 50 day moving average price is $1.64 and its two-hundred day moving average price is $1.22. Fathom has a 52-week low of $0.65 and a 52-week high of $3.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.20.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Fathom to a "hold" rating in a research report on Saturday, September 13th. Roth Capital restated a "buy" rating on shares of Fathom in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy".

Insiders Place Their Bets

In other Fathom news, major shareholder Joshua Harley sold 81,691 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $1.59, for a total value of $129,888.69. Following the transaction, the insider owned 3,228,901 shares in the company, valued at approximately $5,133,952.59. This trade represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 201,100 shares of company stock valued at $295,550. Company insiders own 16.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTHM. Northern Trust Corp grew its holdings in Fathom by 59.8% during the 4th quarter. Northern Trust Corp now owns 57,002 shares of the company's stock worth $87,000 after acquiring an additional 21,328 shares in the last quarter. Millennium Management LLC grew its holdings in Fathom by 54.4% during the 4th quarter. Millennium Management LLC now owns 33,911 shares of the company's stock worth $52,000 after acquiring an additional 11,949 shares in the last quarter. Sovereign s Capital Management LLC acquired a new position in Fathom during the 4th quarter worth approximately $284,000. Finally, AMG National Trust Bank grew its holdings in Fathom by 201.7% during the 1st quarter. AMG National Trust Bank now owns 207,590 shares of the company's stock worth $183,000 after acquiring an additional 138,773 shares in the last quarter. Institutional investors and hedge funds own 55.49% of the company's stock.

About Fathom

Fathom Holdings Inc provides a real estate services platform that integrates residential brokerage, mortgage, title, and insurance services in the United States. It operates through three segments: Real Estate Brokerage, Mortgage, and Technology. The Real Estate Brokerage segment provides real estate brokerage services.