Short Interest in ATN International, Inc. (NASDAQ:ATNI) Rises By 35.2%

ATN International, Inc. (NASDAQ:ATNI) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 175,700 shares, a growth of 35.2% from the November 30th total of 130,000 shares. Based on an average daily trading volume, of 80,400 shares, the short-interest ratio is presently 2.2 days. Approximately 1.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com lowered ATN International from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. BWS Financial reissued a “buy” rating and issued a $30.00 price target on shares of ATN International in a report on Friday, November 1st.

ATN International Stock Performance

Shares of NASDAQ ATNI opened at $16.59 on Friday. The stock’s 50-day moving average is $20.92 and its 200 day moving average is $24.57. The stock has a market cap of $250.74 million, a price-to-earnings ratio of -6.10 and a beta of 0.60. ATN International has a 1-year low of $16.04 and a 1-year high of $39.71. The company has a current ratio of 1.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95.

ATN International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.79%. ATN International’s payout ratio is -35.29%.

Institutional Investors Weigh In On ATN International

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in ATN International by 758.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company’s stock valued at $2,306,000 after acquiring an additional 62,999 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of ATN International during the third quarter valued at about $1,789,000. Innealta Capital LLC purchased a new position in ATN International during the 2nd quarter valued at $26,000. SG Americas Securities LLC bought a new stake in shares of ATN International during the 3rd quarter valued at $113,000. Finally, Public Employees Retirement System of Ohio lifted its position in 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 valued at $474,000 after acquiring an additional 4,457 shares during the period. Hedge funds and other institutional investors own 65.50% of the company’s stock.

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.