ATN International, Inc. (NASDAQ:ATNI) Sees Large Drop in Short Interest

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 115,600 shares, a drop of 16.3% from the September 30th total of 138,100 shares. Based on an average trading volume of 68,300 shares, the short-interest ratio is presently 1.7 days. Currently, 1.2% of the company's stock are sold short.

Institutional Investors Weigh In On ATN International

Large investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. raised its holdings in shares of ATN International by 1.7% during the second quarter. Brown Brothers Harriman & Co. now owns 605,803 shares of the technology company's stock valued at $13,812,000 after buying an additional 10,000 shares during the last quarter. Gabelli Funds LLC bought a new stake in ATN International during the 2nd quarter valued at $206,000. Marshall Wace LLP boosted its position in ATN International by 24.9% during the 2nd quarter. Marshall Wace LLP now owns 38,552 shares of the technology company's stock worth $879,000 after acquiring an additional 7,694 shares during the period. Summit Trail Advisors LLC grew its stake 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 worth $604,000 after purchasing an additional 5,506 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of ATN International in the third quarter worth $113,000. 65.50% of the stock is owned by institutional investors and hedge funds.

ATN International Stock Performance

Shares of NASDAQ:ATNI traded up $0.59 during trading on Monday, hitting $31.63. 29,745 shares of the company traded hands, compared to its average volume of 108,321. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.83. The business's fifty day moving average is $29.95 and its 200-day moving average is $26.04. The stock has a market capitalization of $484.48 million, a price-to-earnings ratio of -24.33, a PEG ratio of 35.86 and a beta of 0.57. ATN International has a one year low of $18.20 and a one year high of $39.88.

ATN International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 30th were paid a dividend of $0.24 per share. 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 3.04%. ATN International's payout ratio is currently -73.85%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ATNI. BWS Financial restated a "buy" rating and set a $30.00 price objective on shares of ATN International in a research note on Friday, July 26th. StockNews.com raised shares of ATN International from a "hold" rating to a "buy" rating in a report on Thursday, September 5th.

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.