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

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 192,700 shares, an increase of 9.7% from the December 31st total of 175,700 shares. Based on an average daily volume of 85,500 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.9% of the shares of the stock are sold short.

Institutional Trading of ATN International

Several hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of ATN International in the third quarter valued at approximately $113,000. GAMMA Investing LLC grew its stake in shares of ATN International by 70.4% in the third quarter. GAMMA Investing LLC now owns 5,692 shares of the technology company's stock worth $184,000 after purchasing an additional 2,352 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in ATN International by 43.7% during the third quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company's stock valued at $474,000 after acquiring an additional 4,457 shares during the last quarter. Marshall Wace LLP boosted its position in ATN International by 24.9% during the second quarter. Marshall Wace LLP now owns 38,552 shares of the technology company's stock valued at $879,000 after acquiring an additional 7,694 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in ATN International during the third quarter valued at $1,789,000. Institutional investors and hedge funds own 65.50% of the company's stock.

ATN International Trading Up 1.8 %

NASDAQ:ATNI traded up $0.28 during trading hours on Wednesday, hitting $15.88. 63,891 shares of the stock were exchanged, compared to its average volume of 84,169. The company's 50 day moving average is $16.78 and its two-hundred day moving average is $23.37. ATN International has a twelve month low of $14.74 and a twelve month high of $38.96. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $240.01 million, a P/E ratio of -5.84 and a beta of 0.63.

ATN International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend was Tuesday, December 31st. ATN International's dividend payout ratio is -35.29%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. BWS Financial restated a "buy" rating and issued a $30.00 target price on shares of ATN International in a report on Friday, November 1st. StockNews.com cut ATN International from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st.

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.