Atomera Incorporated (NASDAQ:ATOM) Short Interest Up 10.8% in October

Atomera Incorporated (NASDAQ:ATOM) was the target 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 %

Shares of NASDAQ:ATOM opened at $5.79 on Friday. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $166.64 million, a PE ratio of -8.27 and a beta of 1.45. Atomera has a 1 year low of $2.31 and a 1 year high of $9.19. The firm has a fifty day moving average price of $3.52 and a 200 day moving average price of $3.63.

Analysts Set New Price Targets

Separately, Craig Hallum cut their price objective on shares of Atomera from $13.00 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st.

Institutional Trading of Atomera

Large investors have recently made changes to their positions in the stock. Summit Securities Group LLC bought a new stake in Atomera during the second quarter worth approximately $31,000. Consolidated Planning Corp bought a new stake in shares of Atomera during the 3rd quarter worth $40,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Atomera in the 3rd quarter valued at $44,000. XTX Topco Ltd bought a new position in Atomera in the 3rd quarter worth $76,000. Finally, Virtu Financial LLC acquired a new position in Atomera during the 1st quarter worth $216,000. Institutional investors own 30.79% of the company’s stock.

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.