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

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

Institutional Investors Weigh In On ATN International

Hedge funds have recently made changes to their positions in the company. Summit Trail Advisors LLC grew its stake in shares of ATN International by 26.6% in 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 in the last quarter. Gabelli Funds LLC bought a new position in ATN International during the second quarter worth $206,000. Marshall Wace LLP raised its position in shares of 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 buying an additional 7,694 shares during the last quarter. SG Americas Securities LLC acquired a new position in ATN International in the 3rd quarter valued at approximately $113,000. Finally, GAMMA Investing LLC raised 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 valued at $184,000 after purchasing an additional 2,352 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ATNI shares. StockNews.com downgraded shares of ATN International from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. BWS Financial reissued a “buy” rating and set a $30.00 target price on shares of ATN International in a research note on Friday, November 1st.

ATN International Trading Up 1.5 %

NASDAQ:ATNI opened at $15.32 on Monday. The stock has a fifty day simple moving average of $17.91 and a 200 day simple moving average of $23.97. The firm has a market capitalization of $231.55 million, a price-to-earnings ratio of -5.63 and a beta of 0.63. ATN International has a 1-year low of $14.85 and a 1-year 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.

ATN International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.27%. The ex-dividend date was Tuesday, December 31st. 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.