Short Interest in ATN International, Inc. (NASDAQ:ATNI) Expands By 17.3%

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

ATN International Price Performance

Shares of ATNI traded up $0.13 during mid-day trading on Monday, reaching $19.91. 23,924 shares of the company’s stock were exchanged, compared to its average volume of 106,687. 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 cap of $300.84 million, a price-to-earnings ratio of -7.27 and a beta of 0.61. ATN International has a 52-week low of $18.20 and a 52-week high of $39.88. The company has a 50-day simple moving average of $26.67 and a two-hundred day simple moving average of $25.45.

ATN International Dividend Announcement

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

Wall Street Analysts Forecast Growth

ATNI has been the topic of a number of research analyst reports. BWS Financial restated a “buy” rating and issued a $30.00 target price on shares of ATN International in a research note on Friday, November 1st. StockNews.com lowered shares of ATN International from a “buy” rating to a “hold” rating in a report on Thursday, October 31st.

Institutional Trading of ATN International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Innealta Capital LLC bought a new position in ATN International during the second quarter valued at about $26,000. GAMMA Investing LLC grew its holdings in shares of ATN International by 72.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock worth $76,000 after acquiring an additional 1,400 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of ATN International during the third quarter worth $113,000. Public Employees Retirement System of Ohio increased 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 valued at $474,000 after buying an additional 4,457 shares during the period. Finally, Summit Trail Advisors LLC boosted its stake in shares of ATN International by 26.6% during the 2nd quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company’s stock valued at $604,000 after buying an additional 5,506 shares during the period. 65.50% of the stock is owned by institutional investors.

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.