Atomera Incorporated (NASDAQ:ATOM) Short Interest Down 12.3% in January

Atomera Incorporated (NASDAQ:ATOM) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,812,156 shares, a decrease of 12.3% from the December 31st total of 4,347,767 shares. Approximately 13.8% of the shares of the company are sold short. Based on an average trading volume of 475,451 shares, the short-interest ratio is presently 8.0 days. Based on an average trading volume of 475,451 shares, the short-interest ratio is presently 8.0 days. Approximately 13.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Atomera in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Atomera

A number of institutional investors and hedge funds have recently made changes to their positions in ATOM. Police & Firemen s Retirement System of New Jersey bought a new stake in Atomera during the second quarter valued at approximately $35,000. The Manufacturers Life Insurance Company purchased a new position in shares of Atomera during the 2nd quarter worth $53,000. Cim Investment Management Inc. grew its position in shares of Atomera by 100.7% during the 2nd quarter. Cim Investment Management Inc. now owns 22,647 shares of the technology company’s stock valued at $114,000 after acquiring an additional 11,365 shares during the period. Alliancebernstein L.P. bought a new stake in shares of Atomera during the 3rd quarter valued at $61,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Atomera by 3,414.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,234 shares of the technology company’s stock worth $72,000 after purchasing an additional 13,829 shares in the last quarter. Hedge funds and other institutional investors own 30.79% of the company’s stock.

Atomera Stock Performance

ATOM stock opened at $2.77 on Tuesday. Atomera has a fifty-two week low of $1.89 and a fifty-two week high of $10.68. The business’s 50-day moving average is $2.44 and its two-hundred day moving average is $3.26. The company has a market cap of $87.75 million, a price-to-earnings ratio of -4.13 and a beta of 1.05.

Atomera Company Profile

Atomera Inc is a materials engineering company that develops and licenses advanced thin film technologies for the semiconductor industry. Its flagship offering, Mears Silicon Technology (MST), is designed to enhance transistor performance, improve power efficiency and boost device yields. Atomera’s solutions are integrated into existing fabrication processes without major changes to equipment or materials flows, enabling foundries and integrated device manufacturers to adopt the technology with minimal disruption.

At the core of Atomera’s business model is the licensing and patent-licensing of MST.