Short Interest in Atomera Incorporated (NASDAQ:ATOM) Drops By 12.3%

Atomera Incorporated (NASDAQ:ATOM) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,812,156 shares, a drop of 12.3% from the December 31st total of 4,347,767 shares. Approximately 13.8% of the company’s shares are short sold. Based on an average daily trading volume, of 475,451 shares, the days-to-cover ratio is presently 8.0 days. Based on an average daily trading volume, of 475,451 shares, the days-to-cover ratio is presently 8.0 days. Approximately 13.8% of the company’s shares are short sold.

Atomera Price Performance

Shares of Atomera stock opened at $2.49 on Thursday. The firm has a market cap of $78.88 million, a price-to-earnings ratio of -3.72 and a beta of 1.06. The stock’s 50-day moving average is $2.45 and its 200-day moving average is $3.24. Atomera has a one year low of $1.89 and a one year high of $10.68.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Atomera in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Atomera

A number of large investors have recently bought and sold shares of ATOM. Goldman Sachs Group Inc. raised its holdings in shares of Atomera by 82.3% in the first quarter. Goldman Sachs Group Inc. now owns 140,254 shares of the technology company’s stock valued at $561,000 after purchasing an additional 63,305 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Atomera by 219.8% during the second quarter. Chicago Partners Investment Group LLC now owns 33,416 shares of the technology company’s stock worth $177,000 after purchasing an additional 22,966 shares during the last quarter. Geode Capital Management LLC grew its position in Atomera by 98.3% in the second quarter. Geode Capital Management LLC now owns 719,509 shares of the technology company’s stock valued at $3,627,000 after purchasing an additional 356,579 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in Atomera in the 2nd quarter valued at $35,000. Finally, Intech Investment Management LLC bought a new stake in Atomera during the 2nd quarter worth about $74,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

About Atomera

Atomera Inc is a materials engineering company that develops and licenses advanced thin film technologies for the semiconductor industry. Its flagship offering, Mears Silicon Technology (MST), is designed to enhance transistor performance, improve power efficiency and boost device yields. Atomera’s solutions are integrated into existing fabrication processes without major changes to equipment or materials flows, enabling foundries and integrated device manufacturers to adopt the technology with minimal disruption.

At the core of Atomera’s business model is the licensing and patent-licensing of MST.