Atlantic International Corp. (NASDAQ:ATLN) Sees Significant Growth in Short Interest

Atlantic International Corp. (NASDAQ:ATLN) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 241,593 shares, a growth of 56.2% from the February 12th total of 154,678 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 128,443 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily volume of 128,443 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake 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 valued at $498,000 after buying an additional 129,572 shares during the period. New York State Common Retirement Fund bought a new stake in shares of Atlantic International during the second quarter worth $97,000. Deutsche Bank AG lifted its stake in shares of Atlantic International by 232.1% during the fourth quarter. Deutsche Bank AG now owns 50,817 shares of the company’s stock valued at $68,000 after acquiring an additional 35,513 shares during the period. Strs Ohio acquired a new position in shares of Atlantic International during the third quarter valued at $106,000. Finally, State Street Corp boosted its holdings in Atlantic International by 9.4% in 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 during the last quarter.

Analyst Upgrades and Downgrades

ATLN has been the subject of a number of recent research reports. LADENBURG THALM/SH SH raised Atlantic International to a “strong-buy” rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlantic International in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Atlantic International currently has an average rating of “Hold”.

Atlantic International Price Performance

ATLN opened at $4.18 on Friday. The stock has a market capitalization of $244.66 million, a P/E ratio of -1.87 and a beta of 1.25. The company’s 50 day simple moving average is $3.02 and its 200-day simple moving average is $2.81. Atlantic International has a one year low of $1.16 and a one year high of $6.35.

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.