Better Home & Finance Holding Company (NASDAQ:BETR) Sees Large Growth in Short Interest

Better Home & Finance Holding Company (NASDAQ:BETR) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,020,000 shares, a growth of 120.0% from the September 15th total of 463,600 shares. Approximately 16.2% of the shares of the company are sold short. Based on an average daily volume of 543,100 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily volume of 543,100 shares, the days-to-cover ratio is currently 1.9 days. Approximately 16.2% of the shares of the company are sold short.

Insider Buying and Selling at Better Home & Finance

In related news, major shareholder Pbra, Llc sold 995,660 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $50.31, for a total value of $50,091,654.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO J. Calamari Nicholas sold 4,890 shares of Better Home & Finance stock in a transaction on Monday, October 6th. The shares were sold at an average price of $59.28, for a total value of $289,879.20. The disclosure for this sale can be found here. Insiders sold a total of 1,030,497 shares of company stock valued at $51,504,973 over the last 90 days. 23.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BETR. Gratia Capital LLC acquired a new position in Better Home & Finance during the 2nd quarter worth approximately $1,797,000. Geode Capital Management LLC raised its stake in Better Home & Finance by 90.6% during the 2nd quarter. Geode Capital Management LLC now owns 129,881 shares of the company’s stock worth $1,609,000 after buying an additional 61,740 shares during the period. Marshall Wace LLP raised its stake in Better Home & Finance by 151.6% during the 2nd quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock worth $1,113,000 after buying an additional 54,113 shares during the period. Daymark Wealth Partners LLC acquired a new position in Better Home & Finance during the 2nd quarter worth approximately $293,000. Finally, XTX Topco Ltd acquired a new position in Better Home & Finance during the 2nd quarter worth approximately $197,000. 20.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BETR. Northland Capmk raised Better Home & Finance to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Better Home & Finance in a report on Wednesday, October 8th. Northland Securities began coverage on Better Home & Finance in a report on Monday, October 6th. They issued a “market perform” rating for the company. Finally, Wall Street Zen lowered Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Better Home & Finance Price Performance

Shares of Better Home & Finance stock opened at $63.35 on Monday. Better Home & Finance has a one year low of $7.71 and a one year high of $94.06. The stock’s 50-day moving average is $36.33 and its 200 day moving average is $21.28. The firm has a market cap of $972.42 million, a price-to-earnings ratio of -4.80 and a beta of 1.90.

Better Home & Finance (NASDAQ:BETR) last announced its earnings results on Wednesday, August 13th. The company reported ($1.99) EPS for the quarter, beating the consensus estimate of ($2.27) by $0.28. The business had revenue of $44.14 million for the quarter, compared to the consensus estimate of $44.14 million.

Better Home & Finance Company Profile

Better Home & Finance Holding Co engages in the provision of comprehensive homeownership services. It offers mortgage loans, real estate agent services, and title and homeowner’s insurance services. The company was founded in 2014 and is headquartered in New York, NY.