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

ATN International, Inc. (NASDAQ:ATNI) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 122,700 shares, an increase of 17.3% from the October 31st total of 104,600 shares. Based on an average daily trading volume, of 77,200 shares, the short-interest ratio is currently 1.6 days. Currently, 1.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On ATN International

A number of institutional investors have recently added to or reduced their stakes in ATNI. GAMMA Investing LLC boosted its position in shares of ATN International by 72.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock valued at $76,000 after purchasing an additional 1,400 shares in the last quarter. Innealta Capital LLC bought a new position in shares of ATN International during the 2nd quarter worth approximately $26,000. Brown Brothers Harriman & Co. lifted its position in shares of ATN International by 1.7% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 605,803 shares of the technology company’s stock valued at $13,812,000 after acquiring an additional 10,000 shares during the period. Summit Trail Advisors LLC boosted its holdings in 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 acquiring an additional 5,506 shares in the last quarter. Finally, Gabelli Funds LLC bought a new stake in shares of ATN International during the second quarter valued at approximately $206,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. BWS Financial reiterated a “buy” rating and issued a $30.00 price target on shares of ATN International in a report on Friday, November 1st. StockNews.com downgraded ATN International from a “buy” rating to a “hold” rating in a report on Thursday, October 31st.

ATN International Price Performance

ATN International stock traded up $0.13 during trading hours on Monday, reaching $19.91. 23,924 shares of the stock were exchanged, compared to its average volume of 106,687. The stock has a 50 day moving average of $26.67 and a two-hundred day moving average of $25.45. The company has a market cap of $300.84 million, a P/E ratio of -7.27 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. ATN International has a twelve month low of $18.20 and a twelve month high of $39.88.

ATN International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 30th were issued a $0.24 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.82%. ATN International’s dividend payout ratio (DPR) is currently -35.29%.

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.