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Fathom Digital Manufacturing Co. (NYSE:FATH - Get Rating) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 503,800 shares, a decrease of 10.2% from the July 15th total of 561,000 shares. Approximately 1.8% of the company's shares are sold short. Based on an average daily trading volume, of 100,700 shares, the days-to-cover ratio is currently 5.0 days. Hedge Funds Weigh In On Fathom Digital Manufacturing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Fathom Digital Manufacturing by 345.7% in the 2nd quarter. State Street Corp now owns 106,966 shares of the company's stock worth $415,000 after acquiring an additional 82,968 shares during the last quarter. Needham Investment Management LLC acquired a new stake in Fathom Digital Manufacturing during the 2nd quarter worth about $77,000. Northern Trust Corp grew its position in Fathom Digital Manufacturing by 390.9% during the 2nd quarter. Northern Trust Corp now owns 81,558 shares of the company's stock worth $317,000 after purchasing an additional 64,945 shares during the period. Rhumbline Advisers acquired a new stake in Fathom Digital Manufacturing during the 2nd quarter worth about $53,000. Finally, ARK Investment Management LLC grew its position in Fathom Digital Manufacturing by 7.1% during the 2nd quarter. ARK Investment Management LLC now owns 949,800 shares of the company's stock worth $4,673,000 after purchasing an additional 63,048 shares during the period. Hedge funds and other institutional investors own 78.39% of the company's stock. Fathom Digital Manufacturing Trading Down 8.7 %

Shares of NYSE:FATH opened at $3.80 on Tuesday. Fathom Digital Manufacturing has a 52-week low of $3.18 and a 52-week high of $11.50. The business's 50 day moving average is $4.07 and its 200 day moving average is $6.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 0.79.

Fathom Digital Manufacturing (NYSE:FATH - Get Rating) last announced its earnings results on Monday, May 16th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The business had revenue of $40.54 million during the quarter, compared to analyst estimates of $41.30 million. Sell-side analysts predict that Fathom Digital Manufacturing will post 0.04 EPS for the current fiscal year. Analysts Set New Price Targets

FATH has been the topic of a number of analyst reports. Bank of America initiated coverage on Fathom Digital Manufacturing in a research note on Friday, May 13th. They set a "neutral" rating and a $7.00 target price on the stock. Craig Hallum cut their target price on Fathom Digital Manufacturing to $9.00 and set a "na" rating on the stock in a research note on Tuesday, May 17th. Finally, Needham & Company LLC cut their target price on Fathom Digital Manufacturing from $9.00 to $6.00 and set a "buy" rating on the stock in a research note on Tuesday.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.Further ReadingGet a free copy of the StockNews.com research report on Fathom Digital Manufacturing (FATH)3 Blowout Earnings Reports That Could Mark Turning Points3 Stocks Set to Lead the Nasdaq Bull MarketWill CrowdStrike Extend Its Streak Of Topping Earnings Views? Skyworks Solutions Is Worth A Look At These Prices MarketBeat Podcast: ESG - Profitably Invest Your Values

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