ATN International, Inc. (NASDAQ:ATNI) Short Interest Update

ATN International, Inc. (NASDAQ:ATNI) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 104,600 shares, a drop of 9.5% from the October 15th total of 115,600 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 70,400 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On ATN International

A number of hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in shares of ATN International by 52.6% in the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,968 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of ATN International by 72.2% during the second quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock valued at $76,000 after buying an additional 1,400 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of ATN International during the second quarter worth about $26,000. Brown Brothers Harriman & Co. increased its position in shares of ATN International by 1.7% during the second quarter. Brown Brothers Harriman & Co. now owns 605,803 shares of the technology company’s stock worth $13,812,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Summit Trail Advisors LLC raised 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 worth $604,000 after acquiring an additional 5,506 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

ATN International Trading Down 0.5 %

NASDAQ:ATNI opened at $19.27 on Tuesday. ATN International has a 12 month low of $18.20 and a 12 month high of $39.88. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $291.17 million, a price-to-earnings ratio of -7.08 and a beta of 0.61. The firm has a fifty day simple moving average of $28.34 and a two-hundred day simple moving average of $25.71.

ATN International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 30th were issued a $0.24 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.96 annualized dividend and a yield of 4.98%. ATN International’s payout ratio is currently -35.29%.

Analyst Ratings Changes

ATNI has been the topic of several analyst reports. 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 note 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.