ATN International, Inc. (NASDAQ:ATNI) Short Interest Up 5.9% in November

ATN International, Inc. (NASDAQ:ATNI) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 130,000 shares, a growth of 5.9% from the November 15th total of 122,700 shares. Based on an average daily trading volume, of 77,200 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.3% of the shares of the company are sold short.

ATN International Price Performance

Shares of NASDAQ ATNI opened at $17.77 on Tuesday. The business has a fifty day moving average price of $23.77 and a two-hundred day moving average price of $25.01. The stock has a market capitalization of $268.58 million, a PE ratio of -6.53 and a beta of 0.60. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.21 and a quick ratio of 1.15. ATN International has a fifty-two week low of $17.31 and a fifty-two week high of $39.88.

Analyst Ratings Changes

Several research firms recently commented on ATNI. BWS Financial restated a “buy” rating and issued a $30.00 price target 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 report on Thursday, October 31st.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in ATN International during the second quarter worth about $26,000. SG Americas Securities LLC bought a new stake in shares of ATN International during the 3rd quarter worth approximately $113,000. GAMMA Investing LLC boosted its position in shares of ATN International by 70.4% during the 3rd quarter. GAMMA Investing LLC now owns 5,692 shares of the technology company’s stock worth $184,000 after acquiring an additional 2,352 shares in the last quarter. Gabelli Funds LLC bought a new position in ATN International in the second quarter valued at approximately $206,000. Finally, Public Employees Retirement System of Ohio raised its position 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. Institutional investors own 65.50% of the company’s stock.

About ATN International

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.