Short Interest in Atomera Incorporated (NASDAQ:ATOM) Increases By 12.1%

Atomera Incorporated (NASDAQ:ATOM - Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 2,880,000 shares, a growth of 12.1% from the September 30th total of 2,570,000 shares. Based on an average daily volume of 184,900 shares, the short-interest ratio is currently 15.6 days.

Atomera Stock Performance

Shares of NASDAQ ATOM traded down $0.36 during mid-day trading on Tuesday, reaching $3.33. 227,253 shares of the company's stock were exchanged, compared to its average volume of 228,760. The firm has a 50-day moving average price of $2.88 and a two-hundred day moving average price of $3.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.03 and a quick ratio of 6.03. The firm has a market capitalization of $89.53 million, a price-to-earnings ratio of -4.35 and a beta of 1.52. Atomera has a 52 week low of $2.31 and a 52 week high of $9.19.

Atomera (NASDAQ:ATOM - Get Free Report) last released its earnings results on Tuesday, July 30th. The technology company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The firm had revenue of $0.07 million for the quarter.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Atomera

Institutional investors and hedge funds have recently bought and sold shares of the company. Summit Securities Group LLC bought a new position in shares of Atomera during the 2nd quarter worth $31,000. Virtu Financial LLC bought a new stake in shares of Atomera in the first quarter valued at approximately $216,000. Westside Investment Management Inc. lifted its stake in shares of Atomera by 13.2% during the 2nd quarter. Westside Investment Management Inc. now owns 95,720 shares of the technology company's stock valued at $365,000 after buying an additional 11,150 shares in the last quarter. Renaissance Technologies LLC bought a new position in Atomera in the 2nd quarter worth approximately $512,000. Finally, GSA Capital Partners LLP grew its stake in Atomera by 32.8% in the 1st quarter. GSA Capital Partners LLP now owns 142,541 shares of the technology company's stock valued at $878,000 after buying an additional 35,175 shares in the last quarter. 30.79% of the stock is owned by institutional investors.

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.