Atomera Incorporated (NASDAQ:ATOM) Short Interest Up 20.9% in January

Atomera Incorporated (NASDAQ:ATOM) was the target of a significant increase in short interest in 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. Based on an average daily volume of 806,851 shares, the short-interest ratio is currently 5.7 days. Approximately 16.7% of the shares of the stock are sold short. Approximately 16.7% of the shares of the stock are sold short. Based on an average daily volume of 806,851 shares, the short-interest ratio is currently 5.7 days.

Institutional Investors Weigh In On Atomera

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

Atomera Stock Performance

Shares of ATOM stock opened at $3.92 on Tuesday. The stock’s fifty day moving average price is $2.51 and its two-hundred day moving average price is $3.09. The company has a market cap of $124.19 million, a PE ratio of -6.03 and a beta of 1.05. Atomera has a fifty-two week low of $1.89 and a fifty-two week high of $7.73.

Atomera (NASDAQ:ATOM) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported ($0.14) 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.

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.