ATN International, Inc. (NASDAQ:ATNI) Sees Significant Increase in Short Interest

ATN International, Inc. (NASDAQ:ATNI) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 122,700 shares, a growth of 17.3% from the October 31st total of 104,600 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 77,200 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ATNI. Innealta Capital LLC acquired a new position in ATN International during the second quarter worth $26,000. GAMMA Investing LLC increased its holdings in shares of ATN International by 72.2% during the 2nd 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 during the last quarter. SG Americas Securities LLC acquired a new position in shares of ATN International during the 3rd quarter valued at about $113,000. Gabelli Funds LLC acquired a new stake in ATN International in the 2nd quarter worth approximately $206,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in ATN International by 43.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company’s stock worth $474,000 after purchasing an additional 4,457 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

ATN International Price Performance

Shares of NASDAQ:ATNI opened at $20.05 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. ATN International has a 1 year low of $18.20 and a 1 year high of $39.88. The business has a fifty day simple moving average of $26.67 and a 200 day simple moving average of $25.45. The firm has a market cap of $302.96 million, a price-to-earnings ratio of -7.27 and a beta of 0.61.

ATN International Dividend Announcement

The firm also recently disclosed 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. This represents a $0.96 annualized dividend and a yield of 4.79%. The ex-dividend date was Monday, September 30th. ATN International’s payout ratio is presently -35.29%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ATNI shares. BWS Financial reissued a “buy” rating and issued a $30.00 price objective on shares of ATN International in a research note on Friday, November 1st. StockNews.com lowered shares of ATN International from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

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.