Fathom Holdings Inc. (NASDAQ:FTHM) Sees Significant Growth in Short Interest

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) was the recipient of a large growth in short interest in the month of 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. Based on an average trading volume of 496,600 shares, the short-interest ratio is presently 1.0 days. Currently, 4.1% of the company's shares are sold short. Currently, 4.1% of the company's shares are sold short. Based on an average trading volume of 496,600 shares, the short-interest ratio is presently 1.0 days.

Fathom Stock Down 0.7%

NASDAQ:FTHM traded down $0.02 on Friday, hitting $2.82. 777,965 shares of the company's stock were exchanged, compared to its average volume of 1,416,406. The firm has a 50-day moving average price of $1.55 and a 200-day moving average price of $1.18. 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. The company has a market cap of $79.37 million, a P/E ratio of -2.66 and a beta of 1.85.

Analysts Set New Price Targets

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

Insider Activity

In other Fathom news, major shareholder Joshua Harley sold 81,691 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $1.59, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 201,100 shares of company stock valued at $295,550. 16.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FTHM. Millennium Management LLC grew its stake in Fathom by 54.4% in the fourth quarter. Millennium Management LLC now owns 33,911 shares of the company's stock valued at $52,000 after purchasing an additional 11,949 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Fathom by 59.8% in the 4th quarter. Northern Trust Corp now owns 57,002 shares of the company's stock valued at $87,000 after buying an additional 21,328 shares during the last quarter. AMG National Trust Bank grew its stake in shares of Fathom by 201.7% in the first quarter. AMG National Trust Bank now owns 207,590 shares of the company's stock valued at $183,000 after buying an additional 138,773 shares in the last quarter. Finally, Sovereign s Capital Management LLC acquired a new position in Fathom during the fourth quarter worth $284,000. 55.49% of the stock is owned by institutional investors and hedge funds.

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.

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