Atlantic International Corp. (NASDAQ:CIRC) Short Interest Up 95.3% in July

Atlantic International Corp. (NASDAQ:CIRC) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,365,288 shares, an increase of 95.3% from the June 30th total of 1,210,847 shares. Based on an average daily trading volume, of 13,829,471 shares, the short-interest ratio is presently 0.2 days. Approximately 3.1% of the shares of the stock are short sold.

Atlantic International Price Performance

NASDAQ:CIRC opened at $0.71 on Thursday. The stock has a market capitalization of $57.77 million, a PE ratio of -0.53 and a beta of 0.79. Atlantic International has a twelve month low of $0.41 and a twelve month high of $5.25. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.09.

Atlantic International (NASDAQ:CIRC) last announced its quarterly earnings data on Monday, June 22nd. The company reported ($0.44) earnings per share (EPS) for the quarter. The company had revenue of $249.89 million for the quarter.

Insider Buying and Selling

In other Atlantic International news, CEO Guus Paul Wilhelm Franke sold 308,783 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1.00, for a total transaction of $308,783.00. Following the completion of the sale, the chief executive officer directly owned 12,207,287 shares in the company, valued at approximately $12,207,287. The trade was a 2.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Atlantic International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Atlantic International has an average rating of “Sell”.

Atlantic International Company Profile

Atlantic International Corp. is a specialty staffing and workforce solutions company that provides professional and administrative talent to clients across a range of industries. Through its operating businesses, the company focuses on connecting employers with qualified candidates for temporary, temp-to-perm, and permanent placement needs.

The company’s services are generally centered on staffing, recruitment, and workforce management support, helping organizations address labor shortages and staffing fluctuations.