Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Short Interest Update

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 899,900 shares, a decrease of 8.9% from the October 15th total of 988,200 shares. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is currently 0.9 days. Currently, 1.3% of the company’s shares are short sold.

Atlantica Sustainable Infrastructure Price Performance

AY opened at $22.11 on Monday. Atlantica Sustainable Infrastructure has a 1 year low of $16.82 and a 1 year high of $23.47. The firm has a market capitalization of $2.57 billion, a PE ratio of 76.24, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.30. The business’s 50-day moving average is $21.99 and its two-hundred day moving average is $22.07.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Atlantica Sustainable Infrastructure in a report on Thursday. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Atlantica Sustainable Infrastructure has an average rating of “Hold” and an average target price of $22.20.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

A number of large investors have recently made changes to their positions in the business. Lazard Asset Management LLC raised its position in shares of Atlantica Sustainable Infrastructure by 110.8% in the 1st quarter. Lazard Asset Management LLC now owns 9,826,614 shares of the utilities provider’s stock valued at $181,595,000 after purchasing an additional 5,164,084 shares during the last quarter. Alpine Associates Management Inc. purchased a new position in shares of Atlantica Sustainable Infrastructure in the second quarter worth $23,699,000. Westchester Capital Management LLC lifted its stake in shares of Atlantica Sustainable Infrastructure by 305.3% during the third quarter. Westchester Capital Management LLC now owns 1,143,722 shares of the utilities provider’s stock worth $25,139,000 after buying an additional 861,541 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of Atlantica Sustainable Infrastructure during the second quarter valued at $13,719,000. Finally, Glazer Capital LLC purchased a new stake in shares of Atlantica Sustainable Infrastructure during the second quarter valued at $13,629,000. 40.53% of the stock is owned by institutional investors and hedge funds.

Atlantica Sustainable Infrastructure Company Profile

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.