Short Interest in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Decreases By 8.9%

Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 899,900 shares, a decrease of 8.9% from the October 15th total of 988,200 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AY. Public Employees Retirement System of Ohio bought a new position in shares of Atlantica Sustainable Infrastructure during the third quarter worth approximately $44,000. Melqart Asset Management UK Ltd grew its position in Atlantica Sustainable Infrastructure by 4.2% during the third quarter. Melqart Asset Management UK Ltd now owns 1,337,755 shares of the utilities provider's stock worth $29,404,000 after buying an additional 53,680 shares in the last quarter. Centiva Capital LP increased its stake in Atlantica Sustainable Infrastructure by 13.5% during the 3rd quarter. Centiva Capital LP now owns 125,755 shares of the utilities provider's stock worth $2,764,000 after acquiring an additional 15,000 shares during the period. ClearAlpha Technologies LP raised its holdings in Atlantica Sustainable Infrastructure by 10.1% in the 3rd quarter. ClearAlpha Technologies LP now owns 148,327 shares of the utilities provider's stock valued at $3,260,000 after acquiring an additional 13,587 shares in the last quarter. Finally, Athos Capital Ltd lifted its position in shares of Atlantica Sustainable Infrastructure by 10.1% during the 3rd quarter. Athos Capital Ltd now owns 220,100 shares of the utilities provider's stock valued at $4,838,000 after acquiring an additional 20,100 shares during the period. Institutional investors own 40.53% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Atlantica Sustainable Infrastructure in a research note on Thursday. They set a "sell" rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.20.

Atlantica Sustainable Infrastructure Stock Performance

Shares of Atlantica Sustainable Infrastructure stock traded up $0.01 on Friday, hitting $22.11. The stock had a trading volume of 1,182,104 shares, compared to its average volume of 960,099. The business's 50 day moving average is $21.99 and its two-hundred day moving average is $22.07. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 76.24, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. Atlantica Sustainable Infrastructure has a twelve month low of $16.82 and a twelve month high of $23.47. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 3.26.

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.

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