ATN International, Inc. (NASDAQ:ATNI) Short Interest Up 9.7% in December

ATN International, Inc. (NASDAQ:ATNI) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 192,700 shares, a growth of 9.7% from the December 15th total of 175,700 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily volume of 85,500 shares, the short-interest ratio is currently 2.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Summit Trail Advisors LLC boosted its stake in shares of ATN International by 26.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 26,195 shares of the technology company’s stock valued at $604,000 after purchasing an additional 5,506 shares in the last quarter. Gabelli Funds LLC bought a new stake in ATN International in the second quarter worth $206,000. Marshall Wace LLP boosted its position in ATN International by 24.9% during the second quarter. Marshall Wace LLP now owns 38,552 shares of the technology company’s stock valued at $879,000 after buying an additional 7,694 shares during the period. SG Americas Securities LLC bought a new position in shares of ATN International during the third quarter valued at about $113,000. Finally, GAMMA Investing LLC lifted its stake in shares of ATN International by 70.4% in the 3rd quarter. GAMMA Investing LLC now owns 5,692 shares of the technology company’s stock valued at $184,000 after acquiring an additional 2,352 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on ATNI. StockNews.com downgraded ATN International from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. BWS Financial reissued a “buy” rating and issued a $30.00 price target on shares of ATN International in a report on Friday, November 1st.

ATN International Price Performance

Shares of ATNI stock traded up $0.23 during trading on Friday, hitting $15.32. The company had a trading volume of 51,021 shares, compared to its average volume of 86,365. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. ATN International has a 52 week low of $14.85 and a 52 week high of $38.96. The stock’s 50-day moving average is $17.91 and its two-hundred day moving average is $23.96.

ATN International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.96 dividend on an annualized basis and a yield of 6.27%. ATN International’s payout ratio is -35.29%.

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.