Short Interest in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Drops By 15.5%

Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Get Free Report) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 988,200 shares, a decrease of 15.5% from the September 30th total of 1,170,000 shares. Based on an average daily trading volume, of 996,300 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.5% of the company's shares are short sold.

Institutional Trading of Atlantica Sustainable Infrastructure

A number of large investors have recently added to or reduced their stakes in AY. Prevail Innovative Wealth Advisors LLC bought a new position in shares of Atlantica Sustainable Infrastructure in the first quarter valued at about $1,815,000. Manning & Napier Advisors LLC acquired a new stake in Atlantica Sustainable Infrastructure during the second quarter worth approximately $2,195,000. Swedbank AB bought a new stake in shares of Atlantica Sustainable Infrastructure during the first quarter worth approximately $4,103,000. Quadrature Capital Ltd boosted its holdings in shares of Atlantica Sustainable Infrastructure by 71.6% during the first quarter. Quadrature Capital Ltd now owns 56,640 shares of the utilities provider's stock worth $1,046,000 after acquiring an additional 23,627 shares during the period. Finally, Water Island Capital LLC acquired a new position in shares of Atlantica Sustainable Infrastructure in the second quarter valued at approximately $13,438,000. Institutional investors and hedge funds own 40.53% of the company's stock.

Atlantica Sustainable Infrastructure Stock Down 0.0 %

Shares of AY stock traded down $0.01 during trading hours on Monday, hitting $21.95. 403,542 shares of the company were exchanged, compared to its average volume of 1,220,751. The company has a market capitalization of $2.55 billion, a PE ratio of 47.74, a PEG ratio of 2.14 and a beta of 1.03. Atlantica Sustainable Infrastructure has a 52 week low of $16.82 and a 52 week high of $23.47. The business has a 50 day moving average of $21.99 and a two-hundred day moving average of $21.76. The company has a current ratio of 1.35, a quick ratio of 1.30 and a debt-to-equity ratio of 3.26.

Atlantica Sustainable Infrastructure (NASDAQ:AY - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.06). Atlantica Sustainable Infrastructure had a net margin of 3.59% and a return on equity of 2.54%. The business had revenue of $328.26 million during the quarter, compared to analyst estimates of $315.07 million. Analysts anticipate that Atlantica Sustainable Infrastructure will post 0.28 earnings per share for the current fiscal year.

Atlantica Sustainable Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.78 dividend on an annualized basis and a yield of 8.11%. Atlantica Sustainable Infrastructure's payout ratio is 386.96%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Atlantica Sustainable Infrastructure in a research report on Monday, October 21st. They set a "sell" rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Atlantica Sustainable Infrastructure presently has an average rating of "Hold" and a consensus price target of $22.20.

About Atlantica Sustainable Infrastructure

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.