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

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 138,100 shares, a growth of 12.6% from the September 15th total of 122,700 shares. Currently, 1.4% of the company's shares are sold short. Based on an average daily volume of 74,900 shares, the short-interest ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com upgraded shares of ATN International from a "hold" rating to a "buy" rating in a research note on Thursday, September 5th. BWS Financial restated a "buy" rating and issued a $30.00 price objective on shares of ATN International in a research report on Friday, July 26th.

Hedge Funds Weigh In On ATN International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of ATN International by 64.3% in the first quarter. GAMMA Investing LLC now owns 1,940 shares of the technology company's stock valued at $61,000 after acquiring an additional 759 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of ATN International in the 2nd quarter valued at about $26,000. BNP Paribas Financial Markets grew its position in shares of ATN International by 52.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company's stock worth $180,000 after purchasing an additional 1,968 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in ATN International by 26.6% in the 2nd 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 last quarter. Finally, Gabelli Funds LLC bought a new position in shares of ATN International during the second quarter valued at $206,000. 65.50% of the stock is owned by institutional investors.

ATN International Stock Up 1.4 %

ATNI stock traded up $0.44 during trading on Tuesday, reaching $32.44. 52,624 shares of the company traded hands, compared to its average volume of 111,382. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 1.10. The company has a market capitalization of $496.88 million, a price-to-earnings ratio of -25.07, a price-to-earnings-growth ratio of 35.86 and a beta of 0.57. The business has a 50 day simple moving average of $28.63 and a 200 day simple moving average of $25.82. ATN International has a 12 month low of $18.20 and a 12 month high of $39.88.

ATN International (NASDAQ:ATNI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.76. ATN International had a positive return on equity of 0.12% and a negative net margin of 0.89%. The business had revenue of $183.28 million for the quarter, compared to analyst estimates of $182.39 million. During the same quarter in the prior year, the company posted ($0.03) EPS. On average, equities research analysts anticipate that ATN International will post 0.09 earnings per share for the current fiscal year.

ATN International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 30th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Monday, September 30th. ATN International's payout ratio is -73.85%.

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.