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

ATN International, Inc. (NASDAQ:ATNI) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 115,600 shares, a drop of 16.3% from the September 30th total of 138,100 shares. Based on an average daily trading volume, of 68,300 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.2% of the company’s stock are short sold.

Hedge Funds Weigh In On ATN International

A number of hedge funds and other institutional investors have recently bought and sold shares of ATNI. BNP Paribas Financial Markets lifted its position in shares of ATN International by 52.6% in the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock valued at $180,000 after buying an additional 1,968 shares during the last quarter. GAMMA Investing LLC lifted its holdings in ATN International by 72.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock valued at $76,000 after purchasing an additional 1,400 shares during the last quarter. Innealta Capital LLC acquired a new stake in ATN International during the 2nd quarter valued at $26,000. Brown Brothers Harriman & Co. boosted its position in ATN International by 1.7% during the second quarter. Brown Brothers Harriman & Co. now owns 605,803 shares of the technology company’s stock worth $13,812,000 after purchasing an additional 10,000 shares during the period. Finally, Summit Trail Advisors LLC increased its holdings in shares of ATN International by 26.6% in the second quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company’s stock valued at $604,000 after purchasing an additional 5,506 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ATNI shares. StockNews.com upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. BWS Financial reiterated a “buy” rating and set a $30.00 target price on shares of ATN International in a report on Friday, July 26th.

ATN International Stock Performance

ATNI stock traded up $0.79 during trading hours on Monday, reaching $31.83. The stock had a trading volume of 1,548 shares, compared to its average volume of 108,186. The stock has a 50-day simple moving average of $29.83 and a 200 day simple moving average of $26.01. ATN International has a fifty-two week low of $18.20 and a fifty-two week high of $39.88. The stock has a market capitalization of $487.54 million, a PE ratio of -23.88, a price-to-earnings-growth ratio of 35.86 and a beta of 0.57. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.10 and a quick ratio of 1.04.

ATN International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors 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 yield of 3.02%. ATN International’s dividend payout ratio (DPR) is currently -73.85%.

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.