ATN International, Inc. (NASDAQ:ATNI) Short Interest Up 9.7% in January

ATN International, Inc. (NASDAQ:ATNI) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 192,700 shares, a growth 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. Approximately 1.9% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several research firms have weighed in on ATNI. BWS Financial reaffirmed a “buy” rating and set a $30.00 price target on shares of ATN International in a research report on Friday, November 1st. StockNews.com lowered shares of ATN International from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

ATN International Price Performance

Shares of NASDAQ ATNI traded down $0.44 during mid-day trading on Monday, hitting $15.11. 40,406 shares of the stock traded hands, compared to its average volume of 84,286. The company has a market cap of $228.25 million, a PE ratio of -5.55 and a beta of 0.63. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.21 and a quick ratio of 1.15. The firm has a 50 day simple moving average of $17.04 and a two-hundred day simple moving average of $23.52. ATN International has a twelve month low of $14.74 and a twelve month high of $38.96.

ATN International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 6.36%. ATN International’s dividend payout ratio is currently -35.29%.

Institutional Trading of ATN International

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its stake in shares of ATN International by 43.7% in 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 buying an additional 4,457 shares in the last quarter. BNP Paribas Financial Markets lifted its position in ATN International by 758.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company’s stock valued at $2,306,000 after acquiring an additional 62,999 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in ATN International by 3.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 627,150 shares of the technology company’s stock valued at $20,282,000 after purchasing an additional 21,347 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in ATN International during the 3rd quarter worth approximately $1,789,000. 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 worth $184,000 after purchasing an additional 2,352 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

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.