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

ATN International, Inc. (NASDAQ:ATNI) was the recipient of a large increase in short interest during 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 company are sold short. Based on an average daily volume of 85,500 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in ATN International in the 3rd quarter valued at approximately $113,000. 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. Gabelli Funds LLC bought a new position in ATN International in the second quarter worth $206,000. Public Employees Retirement System of Ohio increased its holdings in ATN International by 43.7% in the 3rd 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 during the period. Finally, Summit Trail Advisors LLC raised 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. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analyst Ratings Changes

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

ATN International Stock Performance

Shares of ATN International stock traded up $0.23 during midday trading on Friday, hitting $15.32. The company had a trading volume of 51,021 shares, compared to its average volume of 86,365. ATN International has a 1-year low of $14.85 and a 1-year high of $38.96. The business’s 50 day simple moving average is $17.91 and its two-hundred day simple moving average is $23.95. The stock has a market cap of $231.49 million, a PE ratio of -5.63 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.

ATN International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.96 annualized dividend and a yield of 6.27%. ATN International’s dividend payout ratio is -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.