Atlantic International Corp. (NASDAQ:ATLN) Sees Large Decrease in Short Interest

Atlantic International Corp. (NASDAQ:ATLN) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 154,678 shares, a decrease of 28.7% from the January 29th total of 217,027 shares. Based on an average daily trading volume, of 56,393 shares, the short-interest ratio is currently 2.7 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 56,393 shares, the short-interest ratio is currently 2.7 days.

Wall Street Analysts Forecast Growth

ATLN has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Atlantic International in a research note on Wednesday, January 21st. LADENBURG THALM/SH SH raised Atlantic International to a “strong-buy” rating in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Atlantic International

Several institutional investors and hedge funds have recently modified their holdings of ATLN. Geode Capital Management LLC raised its position in shares of Atlantic International by 112.2% in the 2nd quarter. Geode Capital Management LLC now owns 245,077 shares of the company’s stock worth $498,000 after purchasing an additional 129,572 shares during the last quarter. New York State Common Retirement Fund purchased a new position in Atlantic International in the second quarter worth about $97,000. Deutsche Bank AG lifted its stake in shares of Atlantic International by 232.1% in the fourth quarter. Deutsche Bank AG now owns 50,817 shares of the company’s stock worth $68,000 after buying an additional 35,513 shares in the last quarter. Strs Ohio purchased a new stake in shares of Atlantic International during the third quarter valued at approximately $106,000. Finally, State Street Corp increased its position in shares of Atlantic International by 9.4% during the fourth quarter. State Street Corp now owns 103,859 shares of the company’s stock valued at $138,000 after acquiring an additional 8,959 shares in the last quarter.

Atlantic International Stock Up 6.1%

Shares of ATLN opened at $3.15 on Friday. The stock has a market cap of $184.37 million, a P/E ratio of -1.41 and a beta of 1.23. The business’s 50 day moving average price is $2.62 and its 200-day moving average price is $2.87. Atlantic International has a 52 week low of $1.16 and a 52 week high of $6.50.

About Atlantic International

Atlantic International (NASDAQ: ATLN) is a specialty finance real estate investment trust focused on providing flexible capital solutions to U.S.-based, growth-oriented businesses. Through its externally managed structure, the company targets a diversified portfolio of debt and equity investments in micro-, small- and mid-cap enterprises operating across technology, healthcare, consumer internet, business services and other high-growth sectors. Atlantic International seeks to deliver current income and potential capital appreciation by structuring customized financing arrangements tailored to the needs of underserved companies.

The company’s investment strategy emphasizes middle-market firms that demonstrate strong growth trajectories and scalable business models.