Fathom Holdings Inc. (NASDAQ:FTHM) Stock Short Interest Jumps 126.2%

Fathom Holdings Inc. (NASDAQ:FTHM) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,158,352 shares, a growth of 126.2% from the September 15th total of 512,106 shares. Currently, 4.1% of the company’s stock are sold short. Based on an average daily trading volume, of 5,375,284 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Fathom

A number of institutional investors and hedge funds have recently bought and sold shares of FTHM. Vazirani Asset Management LLC acquired a new position in Fathom in the second quarter valued at approximately $398,217. FNY Investment Advisers LLC bought a new position in Fathom in the second quarter valued at approximately $285,000. AMG National Trust Bank acquired a new stake in Fathom during the 2nd quarter worth $210,000. North Star Asset Management Inc. acquired a new stake in Fathom during the 2nd quarter worth $206,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in Fathom during the 2nd quarter worth $82,000. Institutional investors and hedge funds own 55.49% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Fathom from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.50.

Fathom Stock Performance

Shares of FTHM stock traded up $0.00 during mid-day trading on Thursday, reaching $0.19. The stock had a trading volume of 31,894 shares, compared to its average volume of 1,015,320. Fathom has a one year low of $0.18 and a one year high of $1.92. The firm has a market cap of $6.53 million, a PE ratio of -0.23 and a beta of 2.25. The firm’s 50 day simple moving average is $0.56 and its 200 day simple moving average is $0.72. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.12.

Fathom (NASDAQ:FTHM) last announced its quarterly earnings data on Thursday, July 16th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.20). The business had revenue of $86.40 million during the quarter, compared to analyst estimates of $93.70 million. Fathom had a negative net margin of 6.27% and a negative return on equity of 75.89%.

Fathom Company Profile

Fathom Holdings Inc is a technology-driven real estate services company headquartered in Cary, North Carolina. Through its operating businesses, the company provides residential real estate brokerage, mortgage lending, title and settlement services, and related technology solutions.

Its principal business is Fathom Realty, a cloud-based residential brokerage that supports independent real estate agents with transaction-management tools, marketing resources, training, and administrative services.