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

ATN International, Inc. (NASDAQ:ATNI) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 192,700 shares, a growth of 9.7% from the December 15th total of 175,700 shares. Based on an average trading volume of 85,500 shares, the short-interest ratio is currently 2.3 days. Approximately 1.9% of the company’s stock are short sold.

ATN International Stock Performance

Shares of ATNI opened at $15.32 on Monday. The firm has a market cap of $231.55 million, a price-to-earnings ratio of -5.63 and a beta of 0.63. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $17.91 and its two-hundred day moving average is $23.97. ATN International has a 52-week low of $14.85 and a 52-week high of $38.96.

ATN International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.27%. ATN International’s dividend payout ratio (DPR) is -35.29%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ATNI shares. BWS Financial restated a “buy” rating and issued a $30.00 target price on shares of ATN International in a research note on Friday, November 1st. StockNews.com cut shares of ATN International from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

Institutional Investors Weigh In On ATN International

Several hedge funds and other institutional investors have recently modified their holdings of ATNI. Brown Brothers Harriman & Co. increased its holdings in shares of ATN International by 3.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 627,150 shares of the technology company’s stock valued at $20,282,000 after acquiring an additional 21,347 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in ATN International by 758.3% in the third quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company’s stock worth $2,306,000 after purchasing an additional 62,999 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of ATN International during the third quarter worth $1,789,000. Marshall Wace LLP lifted its position in shares of ATN International by 24.9% in the 2nd quarter. Marshall Wace LLP now owns 38,552 shares of the technology company’s stock worth $879,000 after buying an additional 7,694 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its holdings in shares of ATN International by 26.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company’s stock valued at $604,000 after buying an additional 5,506 shares during the period. Institutional investors own 65.50% of the company’s stock.

ATN International Company Profile

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.