ATN International, Inc. (NASDAQ:ATNI) Short Interest Down 9.5% in October

ATN International, Inc. (NASDAQ:ATNI) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 104,600 shares, a decrease of 9.5% from the October 15th total of 115,600 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 70,400 shares, the short-interest ratio is presently 1.5 days.

ATN International Trading Up 0.1 %

Shares of NASDAQ ATNI traded up $0.02 during midday trading on Friday, hitting $19.36. The company’s stock had a trading volume of 75,020 shares, compared to its average volume of 83,854. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $28.50 and its two-hundred day moving average is $25.68. ATN International has a 12-month low of $18.20 and a 12-month high of $39.88.

ATN International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 30th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend was Monday, September 30th. ATN International’s payout ratio is presently -35.29%.

Institutional Investors Weigh In On ATN International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in ATN International in the 2nd quarter worth about $26,000. GAMMA Investing LLC boosted its stake in shares of ATN International by 72.2% during the second quarter. GAMMA Investing LLC now owns 3,340 shares of the technology company’s stock valued at $76,000 after purchasing an additional 1,400 shares in the last quarter. SG Americas Securities LLC purchased a new position in ATN International during the third quarter valued at approximately $113,000. BNP Paribas Financial Markets raised its stake in ATN International by 52.6% in the first quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock worth $180,000 after buying an additional 1,968 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its holdings 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 worth $604,000 after buying an additional 5,506 shares during the period. Institutional investors own 65.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ATN International Company Profile

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.