Atomera Inc (NASDAQ:ATOM) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 242,000 shares, an increase of 69.8% from the August 30th total of 142,500 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 54,000 shares, the short-interest ratio is presently 4.5 days.
ATOM has been the topic of a number of research analyst reports. Zacks Investment Research raised Atomera from a “sell” rating to a “hold” rating in a report on Monday, October 7th. ValuEngine raised Atomera from a “hold” rating to a “buy” rating in a research note on Friday, July 26th.
A number of institutional investors and hedge funds have recently modified their holdings of ATOM. Weybosset Research & Management LLC boosted its position in Atomera by 38.3% during the 2nd quarter. Weybosset Research & Management LLC now owns 26,420 shares of the technology company’s stock worth $133,000 after acquiring an additional 7,320 shares during the period. BlackRock Inc. boosted its position in Atomera by 93.8% during the 2nd quarter. BlackRock Inc. now owns 68,155 shares of the technology company’s stock worth $343,000 after acquiring an additional 32,986 shares during the period. Sargent Investment Group LLC boosted its position in Atomera by 13.3% during the 2nd quarter. Sargent Investment Group LLC now owns 71,855 shares of the technology company’s stock worth $361,000 after acquiring an additional 8,420 shares during the period. Avenir Corp boosted its position in Atomera by 7.6% during the 2nd quarter. Avenir Corp now owns 156,506 shares of the technology company’s stock worth $787,000 after acquiring an additional 11,116 shares during the period. Finally, Westside Investment Management Inc. acquired a new stake in Atomera during the 2nd quarter worth about $7,204,000. 20.36% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ATOM opened at $3.50 on Friday. The business’s 50-day moving average price is $3.79 and its 200 day moving average price is $4.04. Atomera has a 1-year low of $2.33 and a 1-year high of $5.84.
Atomera (NASDAQ:ATOM) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.03). The company had revenue of $0.07 million during the quarter, compared to analysts’ expectations of $0.13 million. As a group, equities analysts forecast that Atomera will post -0.87 EPS for the current year.
Atomera Incorporated engages in developing, commercializing, and licensing proprietary materials, processes, and technologies for the semiconductor industry primarily in Europe and the Asia Pacific. The company's lead technology is Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.
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