Fathom Digital Manufacturing Co. (NYSE:FATH) Short Interest Update

Fathom Digital Manufacturing Co. (NYSE:FATH – Get Rating) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 471,900 shares, a drop of 7.6% from the February 13th total of 510,700 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily volume of 94,600 shares, the short-interest ratio is presently 5.0 days.

Fathom Digital Manufacturing Stock Up 12.5 %

FATH stock traded up $0.09 during trading on Friday, reaching $0.80. 56,583 shares of the company traded hands, compared to its average volume of 119,594. Fathom Digital Manufacturing has a 12 month low of $0.69 and a 12 month high of $7.91. The business has a 50 day simple moving average of $1.27 and a 200 day simple moving average of $1.94. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.95 and a quick ratio of 0.67.

Insiders Place Their Bets

In other news, CEO Ryan Martin sold 66,263 shares of the firm’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $1.43, for a total transaction of $94,756.09. Following the transaction, the chief executive officer now owns 1,691,765 shares in the company, valued at $2,419,223.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 82,124 shares of company stock worth $113,789 over the last quarter. Company insiders own 63.81% of the company’s stock.

Institutional Investors Weigh In On Fathom Digital Manufacturing

Institutional investors have recently added to or reduced their stakes in the stock. Needham Investment Management LLC acquired a new stake in Fathom Digital Manufacturing in the second quarter worth about $77,000. Northern Trust Corp acquired a new stake in Fathom Digital Manufacturing in the first quarter worth about $103,000. Rhumbline Advisers acquired a new stake in Fathom Digital Manufacturing in the second quarter worth about $53,000. Price T Rowe Associates Inc. MD acquired a new stake in Fathom Digital Manufacturing in the second quarter worth about $50,000. Finally, JPMorgan Chase & Co. acquired a new stake in Fathom Digital Manufacturing in the first quarter worth about $36,000. Institutional investors own 21.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Craig Hallum cut their price target on Fathom Digital Manufacturing to $4.00 in a research note on Thursday, November 17th.

About Fathom Digital Manufacturing

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Fathom Digital Manufacturing Corporation, a digital manufacturing platform, provides product development and manufacturing services in North America. It provides plastic and metal additive manufacturing, computer numerical control machining, injection molding and tooling, precision sheet metal fabrication, design engineering, urethane casting, and chemical etching.