Fathom Holdings Inc. (NASDAQ:FTHM) Stock Short Interest Report for October

Fathom Holdings Inc. (NASDAQ:FTHM) was the recipient of 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 shares of the stock are short sold. Based on an average trading volume of 1,035,960 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

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

Fathom Stock Down 2.6%

Shares of NASDAQ FTHM traded down $0.00 during mid-day trading on Friday, reaching $0.18. 311,392 shares of the company’s stock traded hands, compared to its average volume of 591,739. The business has a 50-day simple moving average of $0.43 and a 200 day simple moving average of $0.76. The stock has a market cap of $6.12 million, a P/E ratio of -0.22 and a beta of 2.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.77 and a quick ratio of 0.77. Fathom has a 1-year low of $0.17 and a 1-year high of $1.52.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP increased 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 valued at $142,000 after acquiring an additional 31,063 shares during the last quarter. Requisite Capital Management LLC purchased a new position in Fathom during the second quarter worth $39,000. BlackRock Inc. purchased a new stake in Fathom in the second quarter valued at approximately $44,000. Renaissance Technologies LLC grew its position in Fathom by 72.9% in the first quarter. Renaissance Technologies LLC now owns 147,807 shares of the company’s stock valued at $78,000 after acquiring an additional 62,307 shares in the last quarter. Finally, JB Capital Partners LP bought a new stake in shares of Fathom in the 2nd quarter valued at approximately $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 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.