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

Fathom Holdings Inc. (NASDAQ:FTHM) was the target of a significant growth in short interest in 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. Based on an average daily volume of 65,800 shares, the short-interest ratio is currently 3.9 days. Currently, 2.1% of the shares of the stock are short sold.

Fathom Price Performance

FTHM traded up $0.08 on Tuesday, hitting $2.67. 22,554 shares of the company’s stock were exchanged, compared to its average volume of 64,702. The firm has a 50-day moving average price of $2.50 and a 200-day moving average price of $2.00. The stock has a market cap of $55.92 million, a price-to-earnings ratio of -1.82 and a beta of 2.04. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.08. Fathom has a fifty-two week low of $1.32 and a fifty-two week high of $4.42.

Fathom (NASDAQ:FTHM) last announced its quarterly earnings data 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. Fathom had a negative net margin of 6.46% and a negative return on equity of 39.16%. The company had revenue of $89.21 million during the quarter, compared to analysts’ expectations of $87.72 million. During the same quarter in the prior year, the company earned ($0.27) EPS. As a group, equities analysts anticipate that Fathom will post -0.74 earnings per share for the current year.

Hedge Funds Weigh In On Fathom

A number of institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in shares of Fathom during the 2nd quarter worth $32,000. Virtu Financial LLC acquired a new position in Fathom in the 1st quarter valued at about $38,000. AMG National Trust Bank raised its position in shares of Fathom by 159.4% during the 2nd quarter. AMG National Trust Bank now owns 48,817 shares of the company’s stock valued at $84,000 after buying an additional 30,000 shares during the period. Renaissance Technologies LLC lifted its position in Fathom by 31.3% in the second quarter. Renaissance Technologies LLC now owns 49,100 shares of the company’s stock valued at $84,000 after buying an additional 11,700 shares during the last quarter. Finally, Connective Capital Management LLC acquired a new position in shares of Fathom in the 1st quarter worth approximately $162,000. Hedge funds and other institutional investors own 55.49% of the company’s stock.

Analyst Ratings Changes

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

Fathom Company Profile

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.