Better Home & Finance Holding Company (NASDAQ:BETR) Short Interest Update

Better Home & Finance Holding Company (NASDAQ:BETR) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,020,000 shares, an increase of 120.0% from the September 15th total of 463,600 shares. Approximately 16.2% of the shares of the stock are short sold. Based on an average trading volume of 543,100 shares, the short-interest ratio is presently 1.9 days. Based on an average trading volume of 543,100 shares, the short-interest ratio is presently 1.9 days. Approximately 16.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Better Home & Finance Stock Up 28.5%

BETR opened at $81.39 on Tuesday. Better Home & Finance has a 52-week low of $7.71 and a 52-week high of $94.06. The company has a 50 day moving average of $37.68 and a two-hundred day moving average of $21.78. The company has a market cap of $1.25 billion, a P/E ratio of -6.16 and a beta of 1.90.

Better Home & Finance (NASDAQ:BETR) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($1.99) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.27) by $0.28. The business had revenue of $44.14 million for the quarter, compared to analysts’ expectations of $44.14 million.

Insider Transactions at Better Home & Finance

In other news, major shareholder Pbra, Llc sold 995,660 shares of Better Home & Finance stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $50.31, for a total transaction of $50,091,654.60. The sale 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 dated Monday, October 6th. The stock was sold at an average price of $59.28, for a total transaction of $289,879.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,030,497 shares of company stock valued at $51,504,973. Insiders own 23.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BETR. Gratia Capital LLC acquired a new position in shares of Better Home & Finance during the second quarter worth $1,797,000. Geode Capital Management LLC lifted its position in shares of Better Home & Finance by 90.6% during the second 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. Marshall Wace LLP lifted its position in shares of Better Home & Finance by 151.6% during the second 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. Daymark Wealth Partners LLC acquired a new position in shares of Better Home & Finance during the second quarter worth $293,000. Finally, XTX Topco Ltd acquired a new position in shares of Better Home & Finance during the second quarter worth $197,000. 20.94% of the stock is owned by institutional investors and hedge funds.

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.