Short Interest in Atomera Incorporated (NASDAQ:ATOM) Expands By 21.6%

Atomera Incorporated (NASDAQ:ATOM) was the target of a large increase in short interest in 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 daily volume of 302,700 shares, the days-to-cover ratio is presently 12.8 days.

Institutional Trading of Atomera

Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in shares of Atomera in the second quarter valued at $512,000. Virtu Financial LLC purchased a new position in shares of Atomera in the 1st quarter worth $216,000. Hilltop Holdings Inc. increased its holdings 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 buying an additional 34,100 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Atomera during the 3rd quarter valued at about $76,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of Atomera by 20.9% in the 3rd quarter. Westside Investment Management Inc. now owns 115,700 shares of the technology company’s stock valued at $304,000 after acquiring an additional 19,980 shares during the last quarter. 30.79% of the stock is owned by hedge funds and other institutional investors.

Atomera Price Performance

Shares of Atomera stock traded up $0.34 during trading on Friday, reaching $6.18. 183,451 shares of the stock traded hands, compared to its average volume of 259,269. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.25 and a quick ratio of 5.25. The company has a market capitalization of $177.85 million, a price-to-earnings 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 business has a fifty day simple moving average of $4.17 and a two-hundred day simple moving average of $3.73.

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.