ATN International, Inc. (NASDAQ:ATNI) Short Interest Update

ATN International, Inc. (NASDAQ:ATNI) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 175,700 shares, a growth of 35.2% from the November 30th total of 130,000 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 80,400 shares, the days-to-cover ratio is currently 2.2 days.

Hedge Funds Weigh In On ATN International

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings in ATN International by 758.3% during the third quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company’s stock valued at $2,306,000 after purchasing an additional 62,999 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of ATN International during the 3rd quarter valued at approximately $1,789,000. Innealta Capital LLC bought a new position in ATN International in the 2nd quarter worth approximately $26,000. SG Americas Securities LLC bought a new stake in ATN International during the 3rd quarter valued at $113,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of 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 worth $474,000 after acquiring an additional 4,457 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. BWS Financial reaffirmed a “buy” rating and issued a $30.00 target price on shares of ATN International in a research 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 Trading Down 0.2 %

NASDAQ:ATNI opened at $16.59 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.21 and a quick ratio of 1.15. ATN International has a one year low of $16.04 and a one year high of $39.71. The company has a market cap of $250.74 million, a PE ratio of -6.10 and a beta of 0.60. The firm has a 50-day moving average of $20.92 and a 200-day moving average of $24.57.

ATN International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.79%. The ex-dividend date is Tuesday, December 31st. ATN International’s dividend payout ratio (DPR) is presently -35.29%.

ATN International Company Profile

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.