Short Interest in ATN International, Inc. (NASDAQ:ATNI) Expands By 5.9%

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

Hedge Funds Weigh In On ATN International

Several institutional investors and hedge funds have recently bought and sold shares of ATNI. Innealta Capital LLC purchased a new stake in shares of ATN International during the 2nd quarter valued at $26,000. SG Americas Securities LLC acquired a new position in ATN International in the third quarter valued at $113,000. GAMMA Investing LLC grew its position in ATN International by 70.4% during the third quarter. GAMMA Investing LLC now owns 5,692 shares of the technology company's stock valued at $184,000 after acquiring an additional 2,352 shares during the period. Gabelli Funds LLC acquired a new stake in ATN International during the second quarter worth about $206,000. Finally, Public Employees Retirement System of Ohio increased its stake 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 worth $474,000 after acquiring an additional 4,457 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company's stock.

ATN International Trading Down 0.9 %

ATNI traded down $0.17 during midday trading on Monday, hitting $17.77. The company's stock had a trading volume of 77,391 shares, compared to its average volume of 106,283. ATN International has a 52-week low of $17.31 and a 52-week high of $39.88. The firm has a 50-day moving average price of $23.77 and a two-hundred day moving average price of $25.01. The company has a current ratio of 1.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. The firm has a market cap of $268.58 million, a P/E ratio of -6.53 and a beta of 0.60.

ATN International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 30th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 5.40%. ATN International's payout ratio is -35.29%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ATNI shares. StockNews.com downgraded shares of 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 set a $30.00 price target on shares of ATN International in a research note on Friday, November 1st.

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.