Short Interest in ATN International, Inc. (NASDAQ:ATNI) Rises By 9.7%

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BWS Financial restated a “buy” rating and set 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 research report on Thursday, October 31st.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in shares of ATN International by 758.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company’s stock worth $2,306,000 after buying an additional 62,999 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in ATN International during the third quarter worth about $1,789,000. Brown Brothers Harriman & Co. boosted its position 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 during the last quarter. Marshall Wace LLP grew its stake in ATN International by 24.9% in the second quarter. Marshall Wace LLP now owns 38,552 shares of the technology company’s stock valued at $879,000 after purchasing an additional 7,694 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of ATN International by 43.7% during 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 and hedge funds own 65.50% of the company’s stock.

ATN International Stock Down 0.2 %

Shares of ATN International stock opened at $15.55 on Friday. The firm has a market cap of $235.02 million, a PE ratio of -5.72 and a beta of 0.63. The business’s 50 day simple moving average is $17.04 and its 200 day simple moving average is $23.52. 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 has a 52-week low of $14.74 and a 52-week high of $38.96.

ATN International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date was Tuesday, December 31st. ATN International’s dividend payout ratio is presently -35.29%.

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.