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

ATN International, Inc. (NASDAQ:ATNI) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 175,700 shares, an increase of 35.2% from the November 30th total of 130,000 shares. Based on an average daily trading volume, of 80,400 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.8% of the company’s shares are short sold.

ATN International Trading Down 0.2 %

Shares of ATNI traded down $0.04 during trading on Friday, reaching $16.59. 81,637 shares of the company traded hands, compared to its average volume of 106,342. The stock has a 50-day simple moving average of $20.92 and a 200-day simple moving average of $24.59. The stock has a market cap of $250.74 million, a PE ratio of -6.10 and a beta of 0.60. ATN International has a twelve month low of $16.04 and a twelve month high of $39.71. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 5.79%. ATN International’s dividend payout ratio (DPR) is presently -35.29%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings 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 buying an additional 62,999 shares during the period. Segall Bryant & Hamill LLC acquired a new position in ATN International in the 3rd quarter valued at about $1,789,000. Innealta Capital LLC purchased a new stake in ATN International during the second quarter worth about $26,000. SG Americas Securities LLC acquired a new stake in shares of ATN International during the third quarter worth about $113,000. Finally, Public Employees Retirement System of Ohio boosted 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 purchasing an additional 4,457 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ATNI. StockNews.com lowered shares of ATN International from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. BWS Financial reiterated a “buy” rating and issued a $30.00 price objective on shares of ATN International in a report on Friday, November 1st.

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.