ATN International, Inc. (NASDAQ:ATNI) Short Interest Up 34.0% in April

ATN International, Inc. (NASDAQ:ATNI) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 249,500 shares, a growth of 34.0% from the March 31st total of 186,200 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily volume of 96,700 shares, the days-to-cover ratio is currently 2.6 days.

ATN International Stock Performance

Shares of ATN International stock traded up $0.22 on Friday, reaching $19.52. 310,218 shares of the company were exchanged, compared to its average volume of 77,087. ATN International has a 1-year low of $18.20 and a 1-year high of $41.03. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.83. The company’s 50-day moving average is $30.53 and its two-hundred day moving average is $33.18.

ATN International (NASDAQ:ATNI) last announced its earnings results on Wednesday, February 21st. The technology company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). ATN International had a negative net margin of 1.96% and a negative return on equity of 1.17%. The firm had revenue of $198.97 million for the quarter, compared to the consensus estimate of $192.07 million. On average, equities research analysts forecast that ATN International will post -0.31 earnings per share for the current year.

ATN International Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Sunday, March 31st were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Wednesday, March 27th. ATN International’s payout ratio is -73.85%.

Institutional Trading of ATN International

A number of hedge funds have recently modified their holdings of the business. Copeland Capital Management LLC purchased a new position in shares of ATN International during the third quarter valued at $27,000. Bank of New York Mellon Corp grew its stake in ATN International by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 188,995 shares of the technology company’s stock valued at $5,965,000 after acquiring an additional 2,580 shares in the last quarter. Keeley Teton Advisors LLC grew its stake in ATN International by 14.4% during the 3rd quarter. Keeley Teton Advisors LLC now owns 15,103 shares of the technology company’s stock valued at $477,000 after acquiring an additional 1,903 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of ATN International in the 4th quarter valued at about $44,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of ATN International by 1.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 595,703 shares of the technology company’s stock worth $23,215,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Analyst Ratings Changes

Separately, Raymond James reissued a “strong-buy” rating and set a $32.00 target price (down from $40.00) on shares of ATN International in a report on Friday.

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.