Short Interest in ATN International, Inc. (NASDAQ:ATNI) Grows By 20.4%

ATN International, Inc. (NASDAQ:ATNI) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 137,437 shares, a growth of 20.4% from the February 26th total of 114,131 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 133,635 shares, the days-to-cover ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ATNI shares. Weiss Ratings downgraded shares of ATN International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 17th. Wall Street Zen downgraded shares of ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

ATN International Stock Performance

Shares of ATNI traded up $0.01 during mid-day trading on Wednesday, reaching $27.23. The company’s stock had a trading volume of 55,476 shares, compared to its average volume of 70,922. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.99. ATN International has a 1-year low of $13.76 and a 1-year high of $30.45. The business has a 50-day simple moving average of $26.31 and a two-hundred day simple moving average of $21.42. The stock has a market cap of $418.53 million, a P/E ratio of -19.52, a PEG ratio of 4.45 and a beta of 0.51.

ATN International (NASDAQ:ATNI) last posted its earnings results on Thursday, March 5th. The technology company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. ATN International had a negative return on equity of 0.52% and a negative net margin of 2.05%.The business had revenue of $184.22 million for the quarter, compared to analyst estimates of $183.60 million. As a group, equities research analysts anticipate that ATN International will post -0.73 earnings per share for the current fiscal year.

ATN International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, March 31st. ATN International’s payout ratio is currently -79.14%.

Institutional Trading of ATN International

A number of hedge funds have recently modified their holdings of ATNI. Segall Bryant & Hamill LLC bought a new stake in shares of ATN International during the 4th quarter worth about $448,000. Hillsdale Investment Management Inc. bought a new position in ATN International in the 4th quarter valued at about $479,000. Brown Brothers Harriman & Co. lifted its position in ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after acquiring an additional 35,394 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of ATN International by 9.6% during the third quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 6,715 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of ATN International by 7.2% during the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after acquiring an additional 2,397 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

ATN International Company Profile

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.