ATN International, Inc. (NASDAQ:ATNI) Short Interest Up 17.3% in November

ATN International, Inc. (NASDAQ:ATNI) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 122,700 shares, an increase of 17.3% from the October 31st total of 104,600 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 77,200 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On ATN International

A number of institutional investors and hedge funds have recently bought and sold shares of ATNI. Brown Brothers Harriman & Co. lifted its stake 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 valued at $20,282,000 after purchasing an additional 21,347 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of ATN International by 758.3% during the third quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company’s stock worth $2,306,000 after purchasing an additional 62,999 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of ATN International in the 3rd quarter valued at $1,789,000. Marshall Wace LLP raised its holdings in ATN International by 24.9% during the 2nd quarter. Marshall Wace LLP now owns 38,552 shares of the technology company’s stock worth $879,000 after buying an additional 7,694 shares during the period. Finally, Summit Trail Advisors LLC lifted its stake in ATN International by 26.6% during the second quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company’s stock valued at $604,000 after buying an additional 5,506 shares in the last quarter. 65.50% of the stock is owned by institutional investors and hedge funds.

ATN International Stock Up 1.4 %

Shares of ATNI stock opened at $20.05 on Tuesday. ATN International has a 1 year low of $18.20 and a 1 year high of $39.88. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.15 and a current ratio of 1.21. The business’s fifty day moving average is $26.67 and its 200-day moving average is $25.45. The stock has a market cap of $302.96 million, a PE ratio of -7.27 and a beta of 0.61.

ATN International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 30th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend was Monday, September 30th. ATN International’s dividend payout ratio (DPR) is presently -35.29%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ATNI. StockNews.com downgraded ATN International from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. BWS Financial reiterated a “buy” rating and issued a $30.00 target price on shares of ATN International in a research report on Friday, November 1st.

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.