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

Atomera Incorporated (NASDAQ:ATOM) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 3,880,000 shares, an increase of 21.6% from the October 31st total of 3,190,000 shares. Based on an average trading volume of 302,700 shares, the short-interest ratio is currently 12.8 days.

Atomera Stock Performance

NASDAQ ATOM traded up $0.09 during trading hours on Monday, reaching $6.27. The stock had a trading volume of 183,616 shares, compared to its average volume of 258,930. The stock has a fifty day moving average of $4.17 and a 200 day moving average of $3.72. The stock has a market cap of $180.45 million, a P/E ratio of -8.83 and a beta of 1.45. Atomera has a 52-week low of $2.31 and a 52-week high of $9.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 5.25 and a current ratio of 5.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ATOM. Summit Securities Group LLC acquired a new stake in shares of Atomera in the second quarter valued at about $31,000. Westside Investment Management Inc. grew its holdings in shares of 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. GSA Capital Partners LLP increased its stake 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 worth $172,000 after buying an additional 14,327 shares during the period. Geode Capital Management LLC increased 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 valued at $811,000 after purchasing an additional 14,818 shares during the last quarter. Finally, Consolidated Planning Corp purchased a new position in Atomera in the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Atomera Company Profile

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.