ATN International, Inc. (NASDAQ:ATNI) Short Interest Up 8.3% in January

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 238,000 shares, an increase of 8.3% from the January 15th total of 219,700 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 89,600 shares, the short-interest ratio is currently 2.7 days.

ATN International Price Performance

NASDAQ:ATNI traded down $0.23 during mid-day trading on Thursday, hitting $17.93. 50,852 shares of the stock traded hands, compared to its average volume of 76,943. The business's 50-day moving average price is $16.38 and its 200 day moving average price is $22.73. The company has a market cap of $270.92 million, a PE ratio of -6.59 and a beta of 0.63. ATN International has a 12-month low of $14.74 and a 12-month high of $37.51. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95.

ATN International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 5.35%. ATN International's dividend payout ratio is currently -35.29%.

Analyst Ratings Changes

ATNI has been the topic of several research reports. BWS Financial reaffirmed a "buy" rating and issued a $30.00 price objective on shares of ATN International in a research report on Friday, November 1st. StockNews.com lowered shares of ATN International from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st.

Hedge Funds Weigh In On ATN International

Several hedge funds have recently bought and sold shares of ATNI. SG Americas Securities LLC purchased a new position in ATN International during the third quarter valued at approximately $113,000. Segall Bryant & Hamill LLC purchased a new position in ATN International in the 3rd quarter worth approximately $1,789,000. Brown Brothers Harriman & Co. grew its stake in 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 buying an additional 21,347 shares in the last quarter. BNP Paribas Financial Markets grew its stake in ATN International by 758.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company's stock worth $2,306,000 after buying an additional 62,999 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in ATN International by 43.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company's stock worth $474,000 after buying an additional 4,457 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company's stock.

About ATN International

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.