Short Interest in ATN International, Inc. (NASDAQ:ATNI) Grows By 17.3%

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 122,700 shares, a growth of 17.3% from the October 31st total of 104,600 shares. Based on an average daily trading volume, of 77,200 shares, the short-interest ratio is currently 1.6 days. Approximately 1.2% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ATNI shares. StockNews.com cut ATN International from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. BWS Financial restated a "buy" rating and set a $30.00 price objective on shares of ATN International in a report on Friday, November 1st.

ATN International Stock Down 2.0 %

Shares of ATNI stock traded down $0.40 on Friday, hitting $19.78. 38,164 shares of the stock were exchanged, compared to its average volume of 95,373. ATN International has a fifty-two week low of $18.20 and a fifty-two week high of $39.88. The business has a 50-day moving average of $26.67 and a 200 day moving average of $25.45. 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 capitalization of $298.88 million, a P/E ratio of -7.27 and a beta of 0.61.

ATN International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 30th were issued a $0.24 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.96 annualized dividend and a dividend yield of 4.85%. ATN International's dividend payout ratio is currently -35.29%.

Hedge Funds Weigh In On ATN International

Several institutional investors have recently bought and sold shares of ATNI. BNP Paribas Financial Markets increased its position in shares of ATN International by 758.3% during the third quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company's stock valued at $2,306,000 after buying an additional 62,999 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in ATN International in the 3rd quarter worth approximately $1,789,000. Brown Brothers Harriman & Co. boosted its holdings in ATN International by 3.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 627,150 shares of the technology company's stock valued at $20,282,000 after purchasing an additional 21,347 shares during the period. Gabelli Funds LLC purchased a new position in shares of ATN International during the 2nd quarter valued at $206,000. Finally, Marshall Wace LLP increased its holdings in shares of ATN International by 24.9% in the second quarter. Marshall Wace LLP now owns 38,552 shares of the technology company's stock worth $879,000 after purchasing an additional 7,694 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.