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

Atomera Incorporated (NASDAQ:ATOM - Get Free Report) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 3,190,000 shares, an increase of 10.8% from the October 15th total of 2,880,000 shares. Based on an average daily trading volume, of 231,400 shares, the days-to-cover ratio is presently 13.8 days.

Atomera Trading Down 2.5 %

NASDAQ ATOM traded down $0.15 during trading on Friday, reaching $5.79. 679,185 shares of the stock traded hands, compared to its average volume of 252,016. The stock's 50-day moving average price is $3.52 and its 200 day moving average price is $3.63. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 0.05. The firm has a market cap of $166.64 million, a price-to-earnings ratio of -8.27 and a beta of 1.45. Atomera has a fifty-two week low of $2.31 and a fifty-two week high of $9.19.

Institutional Trading of Atomera

Hedge funds have recently added to or reduced their stakes in the business. Avenir Corp boosted its holdings in shares of Atomera by 1.9% in the first quarter. Avenir Corp now owns 379,686 shares of the technology company's stock valued at $2,339,000 after buying an additional 6,925 shares during the period. Virtu Financial LLC acquired a new stake in shares of Atomera in the first quarter valued at approximately $216,000. Westside Investment Management Inc. grew its position in Atomera by 13.2% in the second quarter. Westside Investment Management Inc. now owns 95,720 shares of the technology company's stock valued at $365,000 after purchasing an additional 11,150 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Atomera in the 2nd quarter valued at $31,000. Finally, Renaissance Technologies LLC bought a new stake in Atomera during the second quarter worth about $512,000. Institutional investors and hedge funds own 30.79% of the company's stock.

Analysts Set New Price Targets

Separately, Craig Hallum lowered their price target on shares of Atomera from $13.00 to $7.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st.

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.