Short Interest in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Drops By 38.0%

Atlantica Sustainable Infrastructure plc (NASDAQ:AYGet Rating) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 1,940,000 shares, a decline of 38.0% from the March 31st total of 3,130,000 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily volume of 566,200 shares, the days-to-cover ratio is presently 3.4 days.

AY stock opened at $30.90 on Friday. Atlantica Sustainable Infrastructure has a 12-month low of $30.20 and a 12-month high of $41.32. The company has a quick ratio of 1.38, a current ratio of 1.42 and a debt-to-equity ratio of 3.08. The stock’s 50 day simple moving average is $33.82 and its 200 day simple moving average is $35.21.

Atlantica Sustainable Infrastructure (NASDAQ:AYGet Rating) last released its quarterly earnings results on Monday, February 28th. The utilities provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.21). Atlantica Sustainable Infrastructure had a negative net margin of 2.48% and a negative return on equity of 1.68%. The firm had revenue of $271.33 million for the quarter, compared to the consensus estimate of $274.34 million. During the same period in the previous year, the company earned ($0.47) earnings per share. As a group, equities research analysts anticipate that Atlantica Sustainable Infrastructure will post 0.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Monday, March 14th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 5.70%. This is a boost from Atlantica Sustainable Infrastructure’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, March 11th. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently -676.92%.

AY has been the topic of a number of analyst reports. Raymond James set a $43.00 price target on Atlantica Sustainable Infrastructure and gave the stock an “outperform” rating in a research report on Tuesday, March 1st. BMO Capital Markets initiated coverage on Atlantica Sustainable Infrastructure in a research report on Wednesday, April 6th. They issued a “market perform” rating and a $37.00 price target on the stock. StockNews.com initiated coverage on Atlantica Sustainable Infrastructure in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. initiated coverage on Atlantica Sustainable Infrastructure in a research report on Thursday, March 24th. They issued a “neutral” rating and a $40.00 price objective on the stock. Finally, Zacks Investment Research cut Atlantica Sustainable Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.11.

Large investors have recently made changes to their positions in the business. AllSquare Wealth Management LLC boosted its position in Atlantica Sustainable Infrastructure by 250.0% in the fourth quarter. AllSquare Wealth Management LLC now owns 700 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Clearstead Advisors LLC boosted its position in Atlantica Sustainable Infrastructure by 1,330.2% in the fourth quarter. Clearstead Advisors LLC now owns 758 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 705 shares during the last quarter. Horan Securities Inc. purchased a new position in Atlantica Sustainable Infrastructure in the fourth quarter worth about $31,000. Quent Capital LLC purchased a new position in Atlantica Sustainable Infrastructure in the fourth quarter worth about $36,000. Finally, Concord Wealth Partners boosted its position in Atlantica Sustainable Infrastructure by 244.2% in the fourth quarter. Concord Wealth Partners now owns 1,036 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 735 shares during the last quarter. 42.05% of the stock is currently owned by institutional investors and hedge funds.

Atlantica Sustainable Infrastructure Company Profile (Get Rating)

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in the United States, Canada, Mexico, Peru, Chile, Colombia, Uruguay, Spain, Italy, Algeria, and South Africa. It owns 39 assets comprising 2,044 megawatts (MW) of aggregate renewable energy installed generation capacity; 343 MW of natural gas-fired power generation capacity; 55 thermal megawatts of district heating capacity; 1,229 miles of electric transmission lines; and 17.5 million cubic feet per day of water desalination assets.

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