Short Interest in ATN International, Inc. (NASDAQ:ATNI) Increases By 9.7%

ATN International, Inc. (NASDAQ:ATNI) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 192,700 shares, a growth of 9.7% from the December 31st total of 175,700 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily volume of 85,500 shares, the short-interest ratio is presently 2.3 days.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com lowered shares of ATN International from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. BWS Financial restated a “buy” rating and set a $30.00 price target on shares of ATN International in a research note on Friday, November 1st.

Hedge Funds Weigh In On ATN International

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position in ATN International by 70.4% during the third quarter. GAMMA Investing LLC now owns 5,692 shares of the technology company’s stock worth $184,000 after purchasing an additional 2,352 shares during the last quarter. SG Americas Securities LLC acquired a new stake in ATN International during the third quarter worth about $113,000. Public Employees Retirement System of Ohio increased its position in ATN International by 43.7% during the third quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company’s stock worth $474,000 after purchasing an additional 4,457 shares during the last quarter. Marshall Wace LLP increased its position in ATN International by 24.9% during the second quarter. Marshall Wace LLP now owns 38,552 shares of the technology company’s stock worth $879,000 after purchasing an additional 7,694 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in ATN International by 3.5% during the third quarter. Brown Brothers Harriman & Co. now owns 627,150 shares of the technology company’s stock worth $20,282,000 after purchasing an additional 21,347 shares during the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

ATN International Stock Performance

ATNI opened at $15.30 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The company has a market cap of $231.18 million, a price-to-earnings ratio of -5.62 and a beta of 0.63. ATN International has a 52-week low of $14.74 and a 52-week high of $38.96. The firm’s fifty day simple moving average is $16.94 and its two-hundred day simple moving average is $23.47.

ATN International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.27%. The ex-dividend date was Tuesday, December 31st. ATN International’s dividend payout ratio is currently -35.29%.

About ATN International

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.