ATN International, Inc. Sees 9.7% Rise in Short Interest for December

ATN International, Inc. (NASDAQ:ATNI) experienced a notable increase in short interest during December. By December 31st, the total short interest had reached 192,700 shares, showing a 9.7% rise from the earlier reported figure of 175,700 shares on December 15th. This indicates that approximately 1.9% of the company's total shares are currently sold short. Analyzing the average daily volume of 85,500 shares, the current days-to-cover ratio stands at 2.3 days.

Recent Institutional Activity

Recently, various institutional investors have adjusted their holdings in ATN International. SG Americas Securities LLC entered a new position in the company during the third quarter, valued at around $113,000. GAMMA Investing LLC increased its stake in ATN International by 70.4% during the same period, bringing their total shares to 5,692, worth $184,000 after acquiring an additional 2,352 shares. Gabelli Funds LLC also established a new position valued at $206,000 in the second quarter. The Public Employees Retirement System of Ohio raised its shares in ATN International by 43.7% in the third quarter, currently holding 14,652 shares valued at $474,000 following an increase of 4,457 shares. Summit Trail Advisors LLC also saw a 26.6% rise in its holdings during the second quarter, now owning 26,195 shares worth $604,000 after adding 5,506 shares. Overall, institutional and hedge funds hold approximately 65.50% of the company’s stock.

Analyst Insights

Several analysts have recently provided updates on ATN International. Notably, StockNews.com downgraded the stock from a "buy" rating to a "hold" rating as of October 31st. Conversely, BWS Financial maintained a "buy" rating with a price target set at $30.00 for the company in a report issued on November 1st.

Stock Performance Overview

During midday trading on a recent Friday, ATN International shares experienced an uptick of $0.23, reaching a price of $15.32. The trading volume for that day was 51,021 shares, which is lower than the average volume of 86,365 shares. The stock has a 1-year low of $14.85 and a 1-year high of $38.96. The 50-day simple moving average is $17.91, while the 200-day simple moving average stands at $23.95. With a market capitalization of $231.49 million, the stock shows a PE ratio of -5.63, alongside a beta value of 0.63. The company's financial ratios include a debt-to-equity ratio of 0.95, a current ratio of 1.21, and a quick ratio of 1.15.

Dividend Announcement from ATN International

Recently, ATN International announced a quarterly dividend which was disbursed on January 8th. Shareholders who were on record as of December 31st received a dividend of $0.24 per share. The ex-dividend date was also December 31st, making this dividend yield 6.27%, with an annualized payout of $0.96. The dividend payout ratio currently stands at -35.29%.

Company Background

ATN International, Inc. operates through its subsidiaries, providing digital infrastructure and communication services to a range of customers including residential, business, and government entities in both the United States and international markets. The company is structured into two segments: International Telecom and US Telecom, offering a variety of services such as mobile, data, voice, broadband, and fixed services.

short, interest, institutional