Atomera Incorporated (NASDAQ:ATOM) Short Interest Update

Atomera Incorporated (NASDAQ:ATOM) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 2,880,000 shares, a growth of 12.1% from the September 30th total of 2,570,000 shares. Based on an average daily trading volume, of 184,900 shares, the days-to-cover ratio is presently 15.6 days.

Atomera Trading Up 28.2 %

ATOM stock opened at $4.27 on Thursday. Atomera has a 52-week low of $2.31 and a 52-week high of $9.19. The company has a quick ratio of 6.03, a current ratio of 6.03 and a debt-to-equity ratio of 0.06. The firm has a market cap of $114.81 million, a P/E ratio of -5.47 and a beta of 1.52. The company’s 50-day simple moving average is $2.92 and its 200-day simple moving average is $3.64.

Atomera (NASDAQ:ATOM) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The business had revenue of $0.07 million during the quarter.

Institutional Investors Weigh In On Atomera

A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new position in Atomera during the second quarter valued at $512,000. Quantum Private Wealth LLC increased its stake in Atomera by 25.4% during the 1st quarter. Quantum Private Wealth LLC now owns 301,720 shares of the technology company’s stock worth $1,859,000 after buying an additional 61,074 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Atomera by 32.8% during the first quarter. GSA Capital Partners LLP now owns 142,541 shares of the technology company’s stock valued at $878,000 after acquiring an additional 35,175 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Atomera in the first quarter worth approximately $216,000. Finally, Westside Investment Management Inc. increased its position in shares of Atomera by 13.2% during 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. Institutional investors and hedge funds own 30.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum cut their target price on shares of Atomera from $13.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, July 31st.

About Atomera

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.