Fathom Holdings Inc. (NASDAQ:FTHM) Shares Shorted: Short Interest Up 126.2% in September

Fathom Holdings Inc. (NASDAQ:FTHM) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,158,352 shares, an increase of 126.2% from the September 15th total of 512,106 shares. Based on an average trading volume of 5,375,284 shares, the short-interest ratio is presently 0.2 days. Approximately 4.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Fathom from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $2.50.

Fathom Trading Down 6.0%

Shares of Fathom stock traded down $0.01 during trading on Wednesday, hitting $0.19. 381,043 shares of the stock were exchanged, compared to its average volume of 3,602,251. The stock’s fifty day moving average is $0.57 and its 200 day 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 has a 12 month low of $0.18 and a 12 month high of $1.92.

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

Institutional Trading of Fathom

Large investors have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC bought a new position in shares of Fathom in the second quarter worth $82,000. Susquehanna International Group LLP increased its holdings in shares of Fathom by 28.4% during the second quarter. Susquehanna International Group LLP now owns 140,333 shares of the company’s stock valued at $142,000 after purchasing an additional 31,063 shares during the period. North Star Asset Management Inc. acquired a new position in shares of Fathom during the second quarter valued at $206,000. Vazirani Asset Management LLC acquired a new position in shares of Fathom during the second quarter valued at $398,217. Finally, JB Capital Partners LP bought a new stake in shares of Fathom during the second quarter valued at about $70,581. 55.49% of the stock is currently owned by institutional investors and hedge funds.

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.