ATI Inc. (NYSE:ATI) Sees Significant Growth in Short Interest

ATI Inc. (NYSE:ATI) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 3,279,487 shares, a growth of 24.4% from the February 26th total of 2,636,739 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average trading volume of 2,288,250 shares, the days-to-cover ratio is presently 1.4 days.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. BTIG Research lifted their price objective on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $150.00 price objective on shares of ATI in a research note on Wednesday, February 4th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Alembic Global Advisors initiated coverage on shares of ATI in a research note on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $138.56.

ATI Price Performance

ATI traded up $8.65 on Wednesday, hitting $154.11. 862,783 shares of the company’s stock traded hands, compared to its average volume of 2,046,441. The company’s 50 day simple moving average is $143.38 and its 200-day simple moving average is $114.65. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. ATI has a one year low of $39.23 and a one year high of $168.14. The firm has a market cap of $21.03 billion, a price-to-earnings ratio of 54.26, a P/E/G ratio of 1.34 and a beta of 0.95.

ATI (NYSE:ATI) last announced its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The company’s revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $0.79 EPS. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. As a group, research analysts anticipate that ATI will post 2.89 EPS for the current year.

ATI declared that its Board of Directors has approved a share repurchase plan on Thursday, February 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, Director David J. Morehouse sold 6,609 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the sale, the director directly owned 38,168 shares in the company, valued at $5,887,414. This represents a 14.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

Institutional Trading of ATI

Hedge funds have recently modified their holdings of the company. Lido Advisors LLC raised its position in ATI by 2.7% in the third quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock worth $308,000 after acquiring an additional 101 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of ATI by 2.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,424 shares of the basic materials company’s stock valued at $360,000 after purchasing an additional 102 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of ATI by 12.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 118 shares during the period. Activest Wealth Management boosted its holdings in ATI by 17.6% during the fourth quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock worth $96,000 after buying an additional 125 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in ATI by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock worth $827,000 after buying an additional 140 shares during the period.

About ATI

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.