Atomera Incorporated (NASDAQ:ATOM) Sees Significant Increase in Short Interest

Atomera Incorporated (NASDAQ:ATOM) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 4,660,000 shares, a growth of 8.1% from the January 15th total of 4,310,000 shares. Based on an average daily volume of 763,800 shares, the short-interest ratio is currently 6.1 days.

Atomera Stock Performance

NASDAQ ATOM opened at $6.11 on Tuesday. The business’s 50 day moving average price is $9.82 and its 200-day moving average price is $5.88. Atomera has a fifty-two week low of $2.31 and a fifty-two week high of $17.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.25 and a quick ratio of 5.25.

Atomera (NASDAQ:ATOM) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). Atomera had a negative net margin of 2,773.11% and a negative return on equity of 104.98%.

Hedge Funds Weigh In On Atomera

Hedge funds have recently added to or reduced their stakes in the company. Consolidated Planning Corp purchased a new position in shares of Atomera during the third quarter valued at approximately $40,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Atomera during the 3rd quarter worth approximately $44,000. XTX Topco Ltd purchased a new position in Atomera during the 3rd quarter valued at $76,000. SLT Holdings LLC bought a new position in Atomera in the 4th quarter valued at $116,000. Finally, Barclays PLC bought a new position in Atomera in the 4th quarter valued at $116,000. 30.79% of the stock is currently owned by institutional investors.

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.