Fathom Digital Manufacturing Co. (NYSE:FATH) Sees Significant Increase in Short Interest

Fathom Digital Manufacturing Co. (NYSE:FATH) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 16,200 shares, a growth of 116.0% from the February 29th total of 7,500 shares. Based on an average trading volume of 7,400 shares, the days-to-cover ratio is presently 2.2 days. Currently, 4.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Fathom Digital Manufacturing in a research report on Wednesday, February 21st.

Fathom Digital Manufacturing Price Performance

FATH traded up $0.06 during midday trading on Thursday, reaching $4.61. 2,795 shares of the company were exchanged, compared to its average volume of 6,513. The stock’s 50-day simple moving average is $4.44 and its 200 day simple moving average is $4.61. Fathom Digital Manufacturing has a one year low of $2.99 and a one year high of $18.00.

Hedge Funds Weigh In On Fathom Digital Manufacturing

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of Fathom Digital Manufacturing in the first quarter valued at approximately $36,000. Price T Rowe Associates Inc. MD acquired a new position in Fathom Digital Manufacturing during the second quarter worth $50,000. Rhumbline Advisers acquired a new position in shares of Fathom Digital Manufacturing during the 2nd quarter worth about $53,000. Northern Trust Corp bought a new stake in shares of Fathom Digital Manufacturing in the 1st quarter valued at about $103,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Fathom Digital Manufacturing in the 1st quarter valued at about $113,000. 80.61% of the stock is owned by institutional investors.

Fathom Digital Manufacturing Company Profile

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, and catering services.