Short Interest in Atomera Incorporated (NASDAQ:ATOM) Expands By 8.5%

Atomera Incorporated (NASDAQ:ATOM) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 4,730,000 shares, an increase of 8.5% from the November 30th total of 4,360,000 shares. Based on an average daily volume of 408,200 shares, the days-to-cover ratio is presently 11.6 days.

Atomera Price Performance

ATOM stock traded down $0.83 during midday trading on Tuesday, reaching $12.08. The stock had a trading volume of 623,367 shares, compared to its average volume of 295,174. Atomera has a 52-week low of $2.31 and a 52-week high of $14.55. The company has a market cap of $347.64 million, a price-to-earnings ratio of -17.26 and a beta of 1.58. The company’s fifty day simple moving average is $6.52 and its 200 day simple moving average is $4.38. The company has a current ratio of 5.25, a quick ratio of 5.25 and a debt-to-equity ratio of 0.05.

Institutional Trading of Atomera

Several large investors have recently bought and sold shares of the business. Westside Investment Management Inc. grew its position in shares of Atomera by 20.9% in the third quarter. Westside Investment Management Inc. now owns 115,700 shares of the technology company’s stock valued at $304,000 after purchasing an additional 19,980 shares in the last quarter. Geode Capital Management LLC grew its holdings in 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 buying an additional 14,818 shares in the last quarter. XTX Topco Ltd purchased a new stake in Atomera in the 3rd quarter valued at $76,000. Hilltop Holdings Inc. increased its stake in shares of Atomera by 38.4% in the 3rd quarter. Hilltop Holdings Inc. now owns 122,990 shares of the technology company’s stock worth $323,000 after acquiring an additional 34,100 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Atomera during the 3rd quarter worth $44,000. 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.