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

Fathom Digital Manufacturing Co. (NYSE:FATH) saw a large growth in short interest during 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 daily trading volume, of 7,400 shares, the days-to-cover ratio is presently 2.2 days. Approximately 4.3% of the shares of the company are short sold.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Fathom Digital Manufacturing

A number of institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in Fathom Digital Manufacturing by 299.3% during the 2nd quarter. Renaissance Technologies LLC now owns 73,070 shares of the company’s stock valued at $30,000 after acquiring an additional 54,770 shares during the period. Geode Capital Management LLC lifted its position in shares of Fathom Digital Manufacturing by 130.4% during the first quarter. Geode Capital Management LLC now owns 297,139 shares of the company’s stock worth $161,000 after purchasing an additional 168,192 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Fathom Digital Manufacturing by 71.3% in the first quarter. BlackRock Inc. now owns 614,076 shares of the company’s stock valued at $334,000 after purchasing an additional 255,680 shares during the period. Bank of America Corp DE boosted its stake in shares of Fathom Digital Manufacturing by 151.5% in the first quarter. Bank of America Corp DE now owns 49,275 shares of the company’s stock valued at $27,000 after purchasing an additional 29,681 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Fathom Digital Manufacturing by 200.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 66,546 shares of the company’s stock valued at $36,000 after purchasing an additional 44,368 shares in the last quarter. 80.61% of the stock is currently owned by institutional investors and hedge funds.

Fathom Digital Manufacturing Price Performance

Fathom Digital Manufacturing stock traded up $0.06 during midday trading on Thursday, hitting $4.61. 2,795 shares of the stock 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 fifty-two week low of $2.99 and a fifty-two week high of $18.00.

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.