ATN International, Inc. (NASDAQ:ATNI) Short Interest Down 16.3% in October

ATN International, Inc. (NASDAQ:ATNI) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 115,600 shares, a drop of 16.3% from the September 30th total of 138,100 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 68,300 shares, the short-interest ratio is currently 1.7 days.

ATN International Stock Performance

Shares of NASDAQ ATNI opened at $31.55 on Wednesday. The company has a 50 day simple moving average of $30.06 and a two-hundred day simple moving average of $26.07. The stock has a market cap of $483.25 million, a price-to-earnings ratio of -24.27, a PEG ratio of 35.86 and a beta of 0.57. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.83. ATN International has a 12 month low of $18.20 and a 12 month high of $39.88.

ATN International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 30th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 3.04%. ATN International’s dividend payout ratio is presently -73.85%.

Institutional Investors Weigh In On ATN International

Hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in shares of ATN International in the 2nd quarter valued at about $26,000. GAMMA Investing LLC raised its position in ATN International by 72.2% during the second quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock valued at $76,000 after acquiring an additional 1,400 shares in the last quarter. SG Americas Securities LLC acquired a new position in ATN International in the third quarter valued at approximately $113,000. BNP Paribas Financial Markets boosted its position in ATN International by 52.6% in the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,968 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new stake in shares of ATN International during the 2nd quarter worth approximately $206,000. 65.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. BWS Financial reiterated a “buy” rating and set a $30.00 price objective on shares of ATN International in a research note on Friday, July 26th. StockNews.com upgraded ATN International from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

About ATN International

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.