Better Home & Finance Holding Company (NASDAQ:BETR) Short Interest Up 41.4% in December

Better Home & Finance Holding Company (NASDAQ:BETR) was the target 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 daily volume of 511,217 shares, the short-interest ratio is presently 3.2 days. Currently, 13.7% of the company’s shares are short sold. Currently, 13.7% of the company’s shares 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 Stock Down 5.6%

Better Home & Finance stock opened at $34.93 on Monday. The firm has a market cap of $548.40 million, a P/E ratio of -2.87 and a beta of 1.96. The business has a fifty day moving average of $53.83 and a two-hundred day moving average of $35.72. Better Home & Finance has a twelve month low of $7.71 and a twelve month high of $94.06.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Better Home & Finance

In other news, COO Chad M. Smith sold 6,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $40.48, for a total transaction of $242,880.00. Following the completion of the sale, the chief operating officer directly owned 27,590 shares of the company’s stock, valued at approximately $1,116,843.20. The trade was a 17.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO J. Calamari Nicholas sold 4,890 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 $289,879.20. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 33,796 shares of company stock worth $1,761,258. 23.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Better Home & Finance

Institutional investors have recently added to or reduced their stakes in the stock. Gratia Capital LLC bought a new position in Better Home & Finance in the second quarter worth about $1,797,000. Geode Capital Management LLC raised its stake 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 acquiring an additional 61,740 shares in the last quarter. Marshall Wace LLP lifted its position in Better Home & Finance by 151.6% during the second quarter. Marshall Wace LLP now owns 89,804 shares of the company’s stock valued at $1,113,000 after acquiring an additional 54,113 shares during the last quarter. UBS Group AG boosted its stake in Better Home & Finance by 127.6% in the third quarter. UBS Group AG now owns 55,053 shares of the company’s stock valued at $3,091,000 after acquiring an additional 30,869 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in Better Home & Finance in the third 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.