Fathom Holdings Inc. (NASDAQ:FTHM) Short Interest Up 11.1% in September

Fathom Holdings Inc. (NASDAQ:FTHM) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 259,000 shares, a growth of 11.1% from the August 31st total of 233,200 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average trading volume of 65,800 shares, the days-to-cover ratio is presently 3.9 days.

Wall Street Analyst Weigh In

Separately, Stephens reaffirmed an “overweight” rating and set a $2.50 target price on shares of Fathom in a report on Tuesday, August 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTHM. Renaissance Technologies LLC lifted its stake in Fathom by 31.3% during the second quarter. Renaissance Technologies LLC now owns 49,100 shares of the company’s stock worth $84,000 after purchasing an additional 11,700 shares during the last quarter. XTX Topco Ltd purchased a new stake in Fathom in the second quarter worth approximately $32,000. Virtu Financial LLC purchased a new position in shares of Fathom during the first quarter worth approximately $38,000. AMG National Trust Bank lifted its holdings in shares of Fathom by 159.4% in the 2nd quarter. AMG National Trust Bank now owns 48,817 shares of the company’s stock worth $84,000 after acquiring an additional 30,000 shares during the last quarter. Finally, Connective Capital Management LLC boosted its stake in shares of Fathom by 50.9% in the 2nd quarter. Connective Capital Management LLC now owns 122,673 shares of the company’s stock valued at $211,000 after purchasing an additional 41,380 shares in the last quarter. 55.49% of the stock is currently owned by hedge funds and other institutional investors.

Fathom Price Performance

Shares of NASDAQ:FTHM traded up $0.34 on Friday, hitting $2.64. The company’s stock had a trading volume of 81,607 shares, compared to its average volume of 64,977. The company has a market capitalization of $55.29 million, a PE ratio of -1.86 and a beta of 2.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.52 and a quick ratio of 1.52. The company has a 50-day simple moving average of $2.48 and a 200 day simple moving average of $1.99. Fathom has a 1 year low of $1.32 and a 1 year high of $4.42.

Fathom (NASDAQ:FTHM) last announced its earnings results on Monday, August 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.14. The business had revenue of $89.21 million during the quarter, compared to analyst estimates of $87.72 million. Fathom had a negative net margin of 6.46% and a negative return on equity of 39.16%. During the same period in the previous year, the business posted ($0.27) earnings per share. Sell-side analysts forecast that Fathom will post -0.74 EPS for the current fiscal year.

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.