Short Interest in ATN International, Inc. (NASDAQ:ATNI) Rises By 9.7%

ATN International, Inc. (NASDAQ:ATNI) saw a large growth in short interest in 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. Approximately 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 85,500 shares, the short-interest ratio is currently 2.3 days.

Hedge Funds Weigh In On ATN International

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in shares of 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 during the period. Segall Bryant & Hamill LLC acquired a new stake in ATN International in the third quarter worth $1,789,000. SG Americas Securities LLC bought a new position in shares of ATN International during the third quarter worth $113,000. Public Employees Retirement System of Ohio boosted 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 purchasing an additional 4,457 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of ATN International by 70.4% in the 3rd quarter. GAMMA Investing LLC now owns 5,692 shares of the technology company’s stock valued at $184,000 after buying an additional 2,352 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

ATN International Stock Down 0.2 %

NASDAQ:ATNI opened at $15.55 on Friday. 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 has a 12-month low of $14.74 and a 12-month high of $38.96. The stock’s fifty day simple moving average is $17.04 and its 200-day simple moving average is $23.52. The firm has a market capitalization of $235.02 million, a P/E ratio of -5.72 and a beta of 0.63.

ATN International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date was Tuesday, December 31st. ATN International’s dividend payout ratio (DPR) is currently -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.