Better Home & Finance Holding Company (NASDAQ:BETR) Sees Significant Increase in Short Interest

Better Home & Finance Holding Company (NASDAQ:BETR) was the recipient of a significant increase in short interest in 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 trading volume of 511,217 shares, the short-interest ratio is currently 3.2 days. Currently, 13.7% of the company’s shares are sold short. Currently, 13.7% of the company’s shares are sold short. Based on an average trading volume of 511,217 shares, the short-interest ratio is currently 3.2 days.

Analyst Ratings Changes

Several research firms have recently weighed in on BETR. Northland Capmk upgraded shares of Better Home & Finance to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Better Home & Finance in a research report on Wednesday, October 8th. Wall Street Zen cut Better Home & Finance from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Finally, Northland Securities started coverage on Better Home & Finance in a research note on Monday, October 6th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Better Home & Finance Stock Down 2.3%

Shares of BETR stock opened at $34.12 on Tuesday. Better Home & Finance has a 12 month low of $7.71 and a 12 month high of $94.06. The company’s fifty day simple moving average is $52.88 and its 200-day simple moving average is $35.86. The firm has a market cap of $535.68 million, a PE ratio of -2.80 and a beta of 1.96.

Insiders Place Their Bets

In other news, COO Chad M. Smith sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $40.48, for a total transaction of $242,880.00. Following the sale, the chief operating officer owned 27,590 shares of the company’s stock, valued at $1,116,843.20. This trade represents a 17.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO J. Calamari Nicholas sold 4,890 shares of Better Home & Finance stock in a transaction dated 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 is available in the SEC filing. Insiders sold 33,796 shares of company stock worth $1,761,258 over the last ninety days. 23.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Better Home & Finance

Several hedge funds have recently modified their holdings of BETR. Gratia Capital LLC bought a new stake in Better Home & Finance during the second quarter worth about $1,797,000. Geode Capital Management LLC increased its position 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 during the last quarter. Marshall Wace LLP raised its stake in shares of 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 purchasing an additional 54,113 shares in the last quarter. UBS Group AG raised its stake in shares of Better Home & Finance by 127.6% during the 3rd quarter. UBS Group AG now owns 55,053 shares of the company’s stock worth $3,091,000 after purchasing an additional 30,869 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of Better Home & Finance in the 3rd quarter valued at approximately $1,647,000. Institutional investors own 20.94% of the company’s stock.

About Better Home & Finance

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.