Fathom Holdings Inc. (NASDAQ:FTHM) Sees Large Growth in Short Interest

Fathom Holdings Inc. (NASDAQ:FTHM) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 259,000 shares, an increase 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 presently 3.9 days. Currently, 2.1% of the company’s shares are sold short.

Fathom Trading Up 3.1 %

FTHM traded up $0.08 during trading hours on Tuesday, reaching $2.67. 22,554 shares of the company’s stock traded hands, compared to its average volume of 64,702. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $2.50 and a 200 day moving average price of $2.00. Fathom has a 52-week low of $1.32 and a 52-week high of $4.42. The firm has a market capitalization of $55.92 million, a PE ratio of -1.82 and a beta of 2.04.

Fathom (NASDAQ:FTHM) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.14. The company had revenue of $89.21 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted ($0.27) EPS. As a group, sell-side analysts predict that Fathom will post -0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Fathom

Several institutional investors and hedge funds have recently modified their holdings of FTHM. XTX Topco Ltd purchased a new position in Fathom during the 2nd quarter worth $32,000. Virtu Financial LLC bought a new position in Fathom during the 1st quarter worth about $38,000. AMG National Trust Bank increased its position in 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 purchasing an additional 30,000 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Fathom by 31.3% in the 2nd quarter. Renaissance Technologies LLC now owns 49,100 shares of the company’s stock valued at $84,000 after purchasing an additional 11,700 shares in the last quarter. Finally, Connective Capital Management LLC purchased a new stake in shares of Fathom in the 1st quarter worth approximately $162,000. Institutional investors own 55.49% of the company’s stock.

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.