Short Interest in ATN International, Inc. (NASDAQ:ATNI) Declines By 9.5%

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) was the recipient of a large drop in short interest in 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. Currently, 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.

ATN International Stock Up 0.1 %

Shares of ATNI traded up $0.02 during trading hours on Friday, reaching $19.36. The company's stock had a trading volume of 75,020 shares, compared to its average volume of 83,854. The company has a 50 day moving average of $28.50 and a two-hundred day moving average of $25.68. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The firm has a market cap of $292.53 million, a price-to-earnings ratio of -7.12 and a beta of 0.61. ATN International has a 1-year low of $18.20 and a 1-year high of $39.88.

ATN International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 30th were paid 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 4.96%. ATN International's dividend payout ratio (DPR) is currently -35.29%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. BWS Financial restated a "buy" rating and set a $30.00 price target on shares of ATN International in a report on Friday, November 1st. StockNews.com downgraded 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 and other institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its stake in shares of ATN International by 3.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 627,150 shares of the technology company's stock worth $20,282,000 after acquiring an additional 21,347 shares in the last quarter. BNP Paribas Financial Markets boosted its position in ATN International by 758.3% during the third quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company's stock worth $2,306,000 after purchasing an additional 62,999 shares during the period. Segall Bryant & Hamill LLC acquired a new position in ATN International during the third quarter valued at approximately $1,789,000. Marshall Wace LLP grew its holdings in ATN International by 24.9% during the second quarter. Marshall Wace LLP now owns 38,552 shares of the technology company's stock valued at $879,000 after purchasing an additional 7,694 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of ATN International by 26.6% in the second quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company's stock valued at $604,000 after purchasing an additional 5,506 shares during the period. 65.50% of the stock is owned by hedge funds and other institutional investors.

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.