Short Interest in ATN International, Inc. (NASDAQ:ATNI) Rises By 8.3%

ATN International, Inc. (NASDAQ:ATNI) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 238,000 shares, a growth of 8.3% from the January 15th total of 219,700 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 89,600 shares, the short-interest ratio is presently 2.7 days.

Hedge Funds Weigh In On ATN International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of ATN International during the third quarter worth $113,000. Quantbot Technologies LP purchased a new stake in ATN International during the fourth quarter valued at $62,000. Public Employees Retirement System of Ohio raised its stake in ATN International by 43.7% during the third quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company’s stock valued at $474,000 after purchasing an additional 4,457 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in ATN International by 51.2% during the fourth quarter. Tudor Investment Corp ET AL now owns 42,360 shares of the technology company’s stock valued at $712,000 after purchasing an additional 14,344 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in ATN International by 3.5% during the third quarter. Brown Brothers Harriman & Co. now owns 627,150 shares of the technology company’s stock valued at $20,282,000 after purchasing an additional 21,347 shares in the last quarter. Institutional investors own 65.50% of the company’s stock.

ATN International Price Performance

Shares of ATNI traded up $0.21 during mid-day trading on Friday, reaching $17.64. The stock had a trading volume of 31,627 shares, compared to its average volume of 73,063. The firm has a market cap of $266.54 million, a price-to-earnings ratio of -6.49 and a beta of 0.63. ATN International has a 12 month low of $14.74 and a 12 month high of $38.96. The business has a fifty day moving average of $16.39 and a 200 day moving average of $22.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.15 and a current ratio of 1.21.

ATN International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were given 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 dividend yield of 5.44%. ATN International’s dividend payout ratio is -35.29%.

Analysts Set New Price Targets

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

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.