ATN International, Inc. (NASDAQ:ATNI) Sees Significant Growth in Short Interest

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

Institutional Trading of ATN International

Several hedge funds and other institutional investors have recently bought and sold shares of ATNI. Public Employees Retirement System of Ohio boosted its holdings in ATN International by 43.7% in the third 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 in the last quarter. BNP Paribas Financial Markets boosted its position 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 in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of ATN International by 3.5% in 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. Segall Bryant & Hamill LLC purchased a new position in shares of ATN International in the 3rd quarter valued at approximately $1,789,000. Finally, GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 2,352 shares in the last quarter. Institutional investors own 65.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ATNI. StockNews.com downgraded 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 Price Performance

Shares of ATNI stock traded down $0.04 during trading hours on Friday, hitting $16.59. 81,637 shares of the company's stock were exchanged, compared to its average volume of 106,342. ATN International has a 12-month low of $16.04 and a 12-month high of $39.71. The company has a market capitalization of $250.74 million, a PE ratio of -6.10 and a beta of 0.60. The business's 50 day simple moving average is $20.92 and its 200-day simple moving average is $24.57. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 5.79%. ATN International's payout ratio is -35.29%.

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.