Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Short Interest Up 24.5% in November

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 1,120,000 shares, a growth of 24.5% from the October 31st total of 899,900 shares. Based on an average daily trading volume, of 970,800 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.7% of the company’s stock are sold short.

Atlantica Sustainable Infrastructure Price Performance

Shares of AY stock opened at $21.94 on Friday. The firm has a fifty day moving average of $22.03 and a two-hundred day moving average of $22.09. The firm has a market cap of $2.55 billion, a P/E ratio of 75.66, a P/E/G ratio of 2.16 and a beta of 1.03. Atlantica Sustainable Infrastructure has a 1-year low of $16.82 and a 1-year high of $23.47. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.25 and a quick ratio of 1.20.

Atlantica Sustainable Infrastructure Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 29th will be paid a $0.2225 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.89 dividend on an annualized basis and a yield of 4.06%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is 306.90%.

Institutional Trading of Atlantica Sustainable Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of AY. Manning & Napier Advisors LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure during the second quarter worth $2,195,000. Swedbank AB bought a new position in Atlantica Sustainable Infrastructure in the first quarter worth about $4,103,000. Water Island Capital LLC bought a new position in Atlantica Sustainable Infrastructure in the second quarter worth about $13,438,000. Alpine Associates Management Inc. boosted its stake in Atlantica Sustainable Infrastructure by 54.0% in the third quarter. Alpine Associates Management Inc. now owns 1,662,509 shares of the utilities provider’s stock valued at $36,542,000 after acquiring an additional 582,821 shares during the period. Finally, Trium Capital LLP bought a new position in shares of Atlantica Sustainable Infrastructure during the second quarter valued at approximately $2,010,000. 40.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Atlantica Sustainable Infrastructure in a research note on Saturday. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Atlantica Sustainable Infrastructure currently has a consensus rating of “Hold” and a consensus price target of $22.20.

Atlantica Sustainable Infrastructure Company Profile

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.