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 increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,648,052 shares, an increase of 41.4% from the November 30th total of 1,165,793 shares. Based on an average daily volume of 511,217 shares, the short-interest ratio is presently 3.2 days. Approximately 13.7% of the company’s stock are short sold. Approximately 13.7% of the company’s stock are short sold. Based on an average daily volume of 511,217 shares, the short-interest ratio is presently 3.2 days.

Better Home & Finance Trading Down 3.4%

Shares of BETR stock opened at $32.97 on Wednesday. The firm has a market capitalization of $517.63 million, a P/E ratio of -2.70 and a beta of 1.95. Better Home & Finance has a 1 year low of $7.71 and a 1 year high of $94.06. The firm’s fifty day simple moving average is $52.04 and its 200 day simple moving average is $36.00.

Insiders Place Their Bets

In other news, CAO J. Calamari Nicholas sold 12,528 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $59.28, for a total transaction of $742,659.84. Following the completion of the sale, the chief accounting officer owned 11,341 shares in the company, valued at approximately $672,294.48. This represents a 52.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Paula Tuffin sold 8,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $46.56, for a total value of $372,480.00. Following the transaction, the general counsel directly owned 32,344 shares in the company, valued at approximately $1,505,936.64. This represents a 19.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,796 shares of company stock valued at $1,761,258 over the last three months. 23.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BETR. Goldman Sachs Group Inc. grew its position in Better Home & Finance by 3.1% during the first quarter. Goldman Sachs Group Inc. now owns 293,858 shares of the company’s stock worth $3,207,000 after buying an additional 8,924 shares in the last quarter. Daymark Wealth Partners LLC bought a new stake in shares of Better Home & Finance in the 2nd quarter worth approximately $293,000. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 61,740 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Better Home & Finance during the second quarter valued at approximately $29,000. Finally, XTX Topco Ltd bought a new stake in shares of Better Home & Finance during the second quarter valued at approximately $197,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.