Short Interest in Atomera Incorporated (NASDAQ:ATOM) Rises By 20.9%

Atomera Incorporated (NASDAQ:ATOM) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 4,608,586 shares, an increase of 20.9% from the January 15th total of 3,812,156 shares. Approximately 16.7% of the shares of the company are sold short. Based on an average trading volume of 806,851 shares, the days-to-cover ratio is currently 5.7 days. Based on an average trading volume of 806,851 shares, the days-to-cover ratio is currently 5.7 days. Approximately 16.7% of the shares of the company are sold short.

Atomera Stock Performance

NASDAQ:ATOM opened at $3.92 on Tuesday. Atomera has a 52 week low of $1.89 and a 52 week high of $7.73. The firm’s 50-day simple moving average is $2.51 and its 200 day simple moving average is $3.09. The firm has a market cap of $124.19 million, a price-to-earnings ratio of -6.03 and a beta of 1.05.

Atomera (NASDAQ:ATOM) last announced its earnings results on Thursday, February 12th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.14). The business had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.10 million.

Hedge Funds Weigh In On Atomera

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HRT Financial LP acquired a new stake in shares of Atomera during the 4th quarter worth $29,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Atomera during the second quarter worth about $35,000. The Manufacturers Life Insurance Company acquired a new stake in Atomera during the second quarter worth about $53,000. Alliancebernstein L.P. bought a new position in Atomera in the 3rd quarter valued at about $61,000. Finally, JPMorgan Chase & Co. raised its position in shares of Atomera by 3,414.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,234 shares of the technology company’s stock valued at $72,000 after buying an additional 13,829 shares in the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

Atomera Company Profile

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.