Short Interest in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Declines By 8.9%

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 899,900 shares, a drop of 8.9% from the October 15th total of 988,200 shares. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.3% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure in a report on Thursday. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.20.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

A number of hedge funds have recently bought and sold shares of AY. Lazard Asset Management LLC increased its position in shares of Atlantica Sustainable Infrastructure by 110.8% in the first quarter. Lazard Asset Management LLC now owns 9,826,614 shares of the utilities provider’s stock valued at $181,595,000 after buying an additional 5,164,084 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter valued at $23,699,000. Westchester Capital Management LLC increased its holdings in Atlantica Sustainable Infrastructure by 305.3% in the 3rd quarter. Westchester Capital Management LLC now owns 1,143,722 shares of the utilities provider’s stock worth $25,139,000 after acquiring an additional 861,541 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in Atlantica Sustainable Infrastructure during the second quarter worth $13,719,000. Finally, Glazer Capital LLC purchased a new position in Atlantica Sustainable Infrastructure during the second quarter valued at $13,629,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Trading Up 0.0 %

AY stock opened at $22.11 on Monday. Atlantica Sustainable Infrastructure has a 52-week low of $16.82 and a 52-week high of $23.47. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 3.26. The firm has a market cap of $2.57 billion, a P/E ratio of 76.24, a PEG ratio of 2.15 and a beta of 1.03. The company’s 50-day simple moving average is $21.99 and its 200-day simple moving average is $22.07.

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.