Atlantic International Corp. (NASDAQ:ATLN) Short Interest Down 18.4% in January

Atlantic International Corp. (NASDAQ:ATLN) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 217,027 shares, a decline of 18.4% from the January 15th total of 265,806 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 380,127 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 380,127 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are sold short.

Atlantic International Trading Down 0.3%

Atlantic International stock opened at $2.96 on Monday. The firm has a market cap of $173.25 million, a PE ratio of -1.32 and a beta of 1.22. Atlantic International has a 12 month low of $1.16 and a 12 month high of $6.50. The stock’s 50 day simple moving average is $2.34 and its two-hundred day simple moving average is $2.79.

Atlantic International (NASDAQ:ATLN) last posted its earnings results on Friday, November 14th. The company reported ($0.20) earnings per share for the quarter. The firm had revenue of $110.13 million for the quarter.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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 shares of Atlantic International to a “strong-buy” rating in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Atlantic International has a consensus rating of “Hold”.

Atlantic International Company Profile

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.