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Fathom Digital Manufacturing Co. (NYSE:FATH - Get Rating) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 655,500 shares, an increase of 30.1% from the July 31st total of 503,800 shares. Approximately 2.1% of the company's shares are sold short. Based on an average trading volume of 102,200 shares, the days-to-cover ratio is presently 6.4 days. Institutional Investors Weigh In On Fathom Digital Manufacturing
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ARK Investment Management LLC lifted its stake in Fathom Digital Manufacturing by 7.1% in the second quarter. ARK Investment Management LLC now owns 949,800 shares of the company's stock valued at $4,673,000 after buying an additional 63,048 shares during the last quarter. Liberty Street Advisors Inc. acquired a new position in shares of Fathom Digital Manufacturing in the first quarter valued at approximately $1,629,000. Vanguard Group Inc. acquired a new position in shares of Fathom Digital Manufacturing in the first quarter valued at approximately $1,223,000. BlackRock Inc. acquired a new position in shares of Fathom Digital Manufacturing in the first quarter valued at approximately $744,000. Finally, State Street Corp increased its holdings in shares of Fathom Digital Manufacturing by 345.7% in the second quarter. State Street Corp now owns 106,966 shares of the company's stock valued at $415,000 after purchasing an additional 82,968 shares during the period. Hedge funds and other institutional investors own 17.28% of the company's stock. Fathom Digital Manufacturing Stock Down 1.9 %
NYSE FATH traded down $0.07 on Tuesday, reaching $3.60. The stock had a trading volume of 23 shares, compared to its average volume of 93,479. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.96 and a quick ratio of 0.72. Fathom Digital Manufacturing has a 12-month low of $3.18 and a 12-month high of $11.50. The business's 50-day moving average price is $3.88 and its 200 day moving average price is $5.73. Wall Street Analysts Forecast Growth
FATH has been the subject of several recent research reports. Bank of America initiated coverage on Fathom Digital Manufacturing in a research note on Friday, May 13th. They issued a "neutral" rating and a $7.00 price objective for the company. Craig Hallum decreased their price objective on Fathom Digital Manufacturing to $9.00 and set a "na" rating for the company in a research note on Tuesday, May 17th. Finally, Needham & Company LLC decreased their price objective on Fathom Digital Manufacturing from $9.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday, August 16th.Fathom Digital Manufacturing Company Profile (Get Rating)
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.See AlsoGet a free copy of the StockNews.com research report on Fathom Digital Manufacturing (FATH)Shock Absorbers: 3 Low Volatility Dividend Stocks for Bumpy TimesThe Retail Sector: Winners And Losers From Q2 Earnings Can Targa Continue Rallying To Meet Its Price Target? Is Unity Software Ready To Rally After Rejecting AppLovin Offer?MarketBeat Podcast: The Time For Cloud Stocks May Be Now
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