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

Better Home & Finance Holding Company (NASDAQ:BETR) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 1,648,052 shares, a growth of 41.4% from the November 30th total of 1,165,793 shares. Approximately 13.7% of the company’s stock are short sold. Based on an average daily volume of 511,217 shares, the days-to-cover ratio is currently 3.2 days. Based on an average daily volume of 511,217 shares, the days-to-cover ratio is currently 3.2 days. Approximately 13.7% of the company’s stock are short sold.

Better Home & Finance Price Performance

NASDAQ:BETR opened at $34.93 on Monday. The company’s fifty day moving average price is $53.83 and its 200-day moving average price is $35.72. Better Home & Finance has a 1-year low of $7.71 and a 1-year high of $94.06. The firm has a market capitalization of $548.40 million, a P/E ratio of -2.87 and a beta of 1.96.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BETR. Wall Street Zen downgraded shares of Better Home & Finance from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Northland Capmk raised 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 research note on Wednesday, October 8th. Finally, Northland Securities initiated coverage on Better Home & Finance in a research report on Monday, October 6th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Better Home & Finance currently has an average rating of “Reduce”.

Insider Transactions at Better Home & Finance

In other Better Home & Finance 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 value of $242,880.00. Following the completion of the sale, the chief operating officer owned 27,590 shares of the company’s stock, valued at approximately $1,116,843.20. This trade represents a 17.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Paula Tuffin sold 8,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $46.56, for a total value of $372,480.00. Following the sale, the general counsel owned 32,344 shares in the company, valued at $1,505,936.64. The trade was a 19.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 33,796 shares of company stock valued at $1,761,258 in the last quarter. 23.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Better Home & Finance

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of Better Home & Finance in the second quarter worth about $29,000. FNY Investment Advisers LLC acquired a new position in Better Home & Finance in the third quarter valued at approximately $29,000. Russell Investments Group Ltd. purchased a new stake in Better Home & Finance in the 3rd quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Better Home & Finance during the 2nd quarter worth approximately $33,000. Finally, CWM LLC purchased a new position in shares of Better Home & Finance during the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds 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.