ATN International, Inc. (NASDAQ:ATNI) Sees Significant Increase in Short Interest

ATN International, Inc. (NASDAQ:ATNI) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 130,000 shares, a growth of 5.9% from the November 15th total of 122,700 shares. Based on an average trading volume of 77,200 shares, the short-interest ratio is presently 1.7 days. Currently, 1.3% of the company’s shares are short sold.

Analyst Ratings Changes

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

ATN International Price Performance

Shares of NASDAQ:ATNI opened at $17.94 on Monday. The firm’s 50 day moving average is $24.06 and its two-hundred day moving average is $25.05. ATN International has a 52 week low of $17.31 and a 52 week high of $39.88. The firm has a market capitalization of $271.15 million, a P/E ratio of -6.60 and a beta of 0.60. The company has a current ratio of 1.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95.

ATN International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 30th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.35%. ATN International’s payout ratio is -35.29%.

Hedge Funds Weigh In On ATN International

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in ATN International by 758.3% in the third quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company’s stock valued at $2,306,000 after purchasing an additional 62,999 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in ATN International in the third quarter valued at approximately $1,789,000. Brown Brothers Harriman & Co. increased its stake in ATN International by 3.5% in the third quarter. Brown Brothers Harriman & Co. now owns 627,150 shares of the technology company’s stock valued at $20,282,000 after purchasing an additional 21,347 shares in the last quarter. Gabelli Funds LLC bought a new stake in ATN International in the second quarter valued at approximately $206,000. Finally, Marshall Wace LLP increased its stake in ATN International by 24.9% in the second quarter. Marshall Wace LLP now owns 38,552 shares of the technology company’s stock valued at $879,000 after purchasing an additional 7,694 shares in the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

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.