Fathom Holdings Inc. (NASDAQ:FTHM) Shares Shorted: Short Interest Down 40.3% in October

Fathom Holdings Inc. (NASDAQ:FTHM) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 690,967 shares, a drop of 40.3% from the September 30th total of 1,158,352 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 1,035,960 shares, the short-interest ratio is presently 0.7 days.

Fathom Stock Up 3.0%

FTHM opened at $0.18 on Tuesday. The firm has a market cap of $6.26 million, a P/E ratio of -0.23 and a beta of 2.25. 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 52 week low of $0.17 and a 52 week high of $1.52. The business’s fifty day simple moving average is $0.42 and its 200 day simple moving average is $0.75.

Fathom (NASDAQ:FTHM) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). Fathom had a negative return on equity of 75.89% and a negative net margin of 6.27%. The company had revenue of $114.61 million for the quarter, compared to analysts’ expectations of $127.02 million.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Concurrent Investment Advisors LLC bought a new stake in shares of Fathom in the second quarter valued at about $82,000. Susquehanna International Group LLP boosted its position 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 worth $142,000 after buying 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 worth about $206,000. Vazirani Asset Management LLC bought a new position in shares of Fathom during the second quarter worth about $398,217. Finally, JB Capital Partners LP bought a new position in shares of Fathom during the second quarter worth about $70,581. Institutional investors own 55.49% of the company’s stock.

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 equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fathom presently has a consensus rating of “Moderate Buy” and an average price target of $2.50.

About Fathom

Fathom Holdings Inc is a technology-driven real estate services company that operates primarily through its Fathom Realty brokerage. The company provides residential real estate brokerage services through a network of independent agents who assist clients with buying, selling and leasing properties.

Fathom Realty supports its agents with a cloud-based platform that includes transaction management, marketing, lead generation, training and other business tools. The company has also expanded its offerings into related real estate services, including title and settlement services, insurance and technology solutions designed to support real estate professionals and consumers.

Founded in 2010 and headquartered in Cary, North Carolina, Fathom serves markets across the United States.