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

Fathom Holdings Inc. (NASDAQ:FTHM) was the recipient of a significant growth in short interest in 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. Based on an average daily volume of 5,375,284 shares, the days-to-cover ratio is currently 0.2 days. Approximately 4.1% of the company’s shares are sold short.

Institutional Trading of Fathom

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vazirani Asset Management LLC bought a new position in Fathom during the 2nd quarter worth $398,217. FNY Investment Advisers LLC acquired a new position in Fathom during the 2nd quarter worth about $285,000. AMG National Trust Bank bought a new stake in shares of Fathom in the 2nd quarter valued at about $210,000. North Star Asset Management Inc. bought a new stake in shares of Fathom in the 2nd quarter valued at about $206,000. Finally, Susquehanna International Group LLP grew its position in shares of Fathom by 28.4% in the 2nd quarter. Susquehanna International Group LLP now owns 140,333 shares of the company’s stock valued at $142,000 after buying an additional 31,063 shares during the last quarter. 55.49% of the stock is currently owned by institutional investors and hedge funds.

Fathom Trading Down 6.5%

Shares of NASDAQ FTHM opened at $0.20 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.77 and a current ratio of 0.77. Fathom has a 52-week low of $0.19 and a 52-week high of $1.92. The firm has a 50 day moving average price of $0.58 and a two-hundred day moving average price of $0.73. The stock has a market cap of $6.79 million, a P/E ratio of -0.25 and a beta of 2.25.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Fathom from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.50.

About Fathom

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.