Fathom Digital Manufacturing Co. (NYSE:FATH – Get Free Report) was the target of a significant decline in short interest in February. As of February 29th, there was short interest totalling 7,500 shares, a decline of 5.1% from the February 14th total of 7,900 shares. Based on an average trading volume of 6,800 shares, the short-interest ratio is currently 1.1 days. Currently, 2.1% of the shares of the stock are short sold.
Fathom Digital Manufacturing Price Performance
Shares of FATH opened at $4.64 on Monday. Fathom Digital Manufacturing has a twelve month low of $2.99 and a twelve month high of $18.00. The company’s fifty day simple moving average is $4.43 and its 200-day simple moving average is $4.85.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Fathom Digital Manufacturing in a research note on Wednesday, February 21st.
View Our Latest Research Report on FATH
Hedge Funds Weigh In On Fathom Digital Manufacturing
Several hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of Fathom Digital Manufacturing by 130.4% in the fourth quarter. Bank of America Corp DE now owns 19,594 shares of the company’s stock valued at $26,000 after purchasing an additional 11,090 shares during the period. Renaissance Technologies LLC grew its position in shares of Fathom Digital Manufacturing by 299.3% during the 2nd quarter. Renaissance Technologies LLC now owns 73,070 shares of the company’s stock worth $30,000 after buying an additional 54,770 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Fathom Digital Manufacturing by 200.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 66,546 shares of the company’s stock valued at $36,000 after buying an additional 44,368 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Fathom Digital Manufacturing in the first quarter valued at about $36,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Fathom Digital Manufacturing in the second quarter worth about $50,000. Institutional investors own 81.88% of the company’s stock.
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.
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