Short Interest in ATN International, Inc. (NASDAQ:ATNI) Increases By 20.4%

ATN International, Inc. (NASDAQ:ATNI) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 137,437 shares, a growth of 20.4% from the February 26th total of 114,131 shares. Based on an average daily volume of 133,635 shares, the short-interest ratio is currently 1.0 days. Currently, 0.9% of the shares of the stock are sold short.

ATN International Stock Up 1.6%

Shares of NASDAQ ATNI opened at $27.78 on Tuesday. ATN International has a 12-month low of $13.76 and a 12-month high of $30.45. The firm’s 50-day simple moving average is $26.20 and its 200 day simple moving average is $21.34. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.99. The company has a market cap of $426.98 million, a price-to-earnings ratio of -19.99, a price-to-earnings-growth ratio of 4.49 and a beta of 0.51.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings data on Thursday, March 5th. The technology company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. ATN International had a negative net margin of 2.05% and a negative return on equity of 0.52%. The firm had revenue of $184.22 million during the quarter, compared to analysts’ expectations of $183.60 million. On average, research analysts expect that ATN International will post -0.73 earnings per share for the current fiscal year.

ATN International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.10 annualized dividend and a yield of 4.0%. ATN International’s dividend payout ratio is currently -79.14%.

Hedge Funds Weigh In On ATN International

Several large investors have recently made changes to their positions in ATNI. Strs Ohio acquired a new position in shares of ATN International during the 1st quarter worth about $138,000. Segall Bryant & Hamill LLC bought a new position in ATN International during the 4th quarter worth approximately $448,000. Hillsdale Investment Management Inc. acquired a new position in ATN International during the fourth quarter valued at approximately $479,000. Ameriprise Financial Inc. increased its stake in ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after purchasing an additional 2,397 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in ATN International by 137.9% in the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after purchasing an additional 27,714 shares during the period. Institutional investors and hedge funds own 65.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings downgraded ATN International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

ATN International Company Profile

ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.