Short Interest in Atomera Incorporated (NASDAQ:ATOM) Grows By 10.8%

Atomera Incorporated (NASDAQ:ATOM) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 3,190,000 shares, a growth of 10.8% from the October 15th total of 2,880,000 shares. Based on an average trading volume of 231,400 shares, the short-interest ratio is currently 13.8 days.

Wall Street Analyst Weigh In

Separately, Craig Hallum cut their price target on Atomera from $13.00 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st.

Institutional Trading of Atomera

Several institutional investors have recently added to or reduced their stakes in ATOM. Avenir Corp grew its holdings in Atomera by 1.9% during the 1st quarter. Avenir Corp now owns 379,686 shares of the technology company’s stock worth $2,339,000 after acquiring an additional 6,925 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Atomera during the first quarter worth about $216,000. Westside Investment Management Inc. grew its stake in Atomera by 13.2% in the second quarter. Westside Investment Management Inc. now owns 95,720 shares of the technology company’s stock worth $365,000 after purchasing an additional 11,150 shares in the last quarter. Summit Securities Group LLC acquired a new position in Atomera in the second quarter worth about $31,000. Finally, Renaissance Technologies LLC bought a new stake in Atomera in the second quarter valued at about $512,000. 30.79% of the stock is owned by institutional investors and hedge funds.

Atomera Stock Performance

Shares of ATOM opened at $5.79 on Monday. Atomera has a 52-week low of $2.31 and a 52-week high of $9.19. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 0.05. The firm has a market cap of $166.62 million, a price-to-earnings ratio of -8.27 and a beta of 1.45. The business’s 50 day moving average is $3.52 and its two-hundred day moving average is $3.62.

Atomera Company Profile

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.