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

Atomera Incorporated (NASDAQ:ATOM) saw a significant 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 company’s stock are sold short. Based on an average daily volume of 475,451 shares, the short-interest ratio is currently 8.0 days. Based on an average daily volume of 475,451 shares, the short-interest ratio is currently 8.0 days. Approximately 13.8% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Atomera in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Atomera Stock Down 5.5%

Shares of ATOM opened at $2.77 on Tuesday. The stock has a market cap of $87.75 million, a P/E ratio of -4.13 and a beta of 1.05. The business’s 50 day moving average price is $2.44 and its 200-day moving average price is $3.26. Atomera has a 52 week low of $1.89 and a 52 week high of $10.68.

Institutional Trading of Atomera

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Atomera in the second quarter worth approximately $35,000. The Manufacturers Life Insurance Company purchased a new position in Atomera in the 2nd quarter worth approximately $53,000. Alliancebernstein L.P. purchased a new stake in Atomera during the 3rd quarter valued at $61,000. JPMorgan Chase & Co. increased its holdings 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. Finally, Intech Investment Management LLC purchased a new position in shares of Atomera in the second quarter worth $74,000. 30.79% of the stock is currently owned by institutional investors.

About Atomera

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.