Short Interest in Atomera Incorporated (NASDAQ:ATOM) Expands By 8.1%

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

Institutional Investors Weigh In On Atomera

Several hedge funds have recently bought and sold shares of ATOM. Sargent Investment Group LLC raised its position in shares of Atomera by 200.4% in the 4th quarter. Sargent Investment Group LLC now owns 279,185 shares of the technology company’s stock worth $2,945,000 after purchasing an additional 186,240 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Atomera in the 3rd quarter worth about $76,000. Geode Capital Management LLC raised its position in shares of Atomera by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 308,464 shares of the technology company’s stock worth $811,000 after purchasing an additional 14,818 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Atomera by 28.0% during the third quarter. GSA Capital Partners LLP now owns 65,428 shares of the technology company’s stock valued at $172,000 after purchasing an additional 14,327 shares in the last quarter. Finally, Quantum Private Wealth LLC lifted its holdings in shares of Atomera by 22.2% during the fourth quarter. Quantum Private Wealth LLC now owns 356,721 shares of the technology company’s stock valued at $4,138,000 after purchasing an additional 64,700 shares in the last quarter. Institutional investors own 30.79% of the company’s stock.

Atomera Price Performance

Shares of NASDAQ ATOM traded down $0.54 during midday trading on Friday, hitting $6.11. 848,327 shares of the company traded hands, compared to its average volume of 815,014. The stock has a 50-day moving average price of $9.82 and a 200 day moving average price of $5.86. 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 has a 12-month low of $2.31 and a 12-month high of $17.55.

Atomera (NASDAQ:ATOM) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.16) earnings per share for the quarter, missing the consensus estimate 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%.

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.