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

ATN International, Inc. (NASDAQ:ATNI) was the target of a significant growth in short interest during the month of 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 volume of 77,200 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.3% of the company’s stock are short sold.

ATN International Price Performance

ATNI stock opened at $17.94 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. ATN International has a 12 month low of $17.31 and a 12 month high of $39.88. The firm has a market cap of $271.15 million, a P/E ratio of -6.60 and a beta of 0.60. The company’s 50-day moving average price is $24.06 and its two-hundred day moving average price is $25.05.

ATN International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 30th were paid a $0.24 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.35%. ATN International’s payout ratio is currently -35.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ATNI. BWS Financial reiterated 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 cut shares of ATN International from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

Institutional Investors Weigh In On ATN International

Hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in ATN International during the 2nd quarter worth approximately $26,000. SG Americas Securities LLC acquired a new stake in ATN International during the 3rd quarter worth approximately $113,000. GAMMA Investing LLC boosted its position in 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 buying an additional 2,352 shares during the period. Gabelli Funds LLC acquired a new stake in ATN International during the 2nd quarter worth approximately $206,000. Finally, Public Employees Retirement System of Ohio raised its holdings 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 worth $474,000 after purchasing an additional 4,457 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

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.