ATI Inc. (NYSE:ATI) Short Interest Up 24.0% in January

ATI Inc. (NYSE:ATI) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 2,843,419 shares, an increase of 24.0% from the January 15th total of 2,293,827 shares. Based on an average daily volume of 1,542,602 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.1% of the shares of the company are short sold. Approximately 2.1% of the shares of the company are short sold. Based on an average daily volume of 1,542,602 shares, the days-to-cover ratio is currently 1.8 days.

Insider Activity at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $93.26, for a total value of $242,289.48. Following the transaction, the senior vice president directly owned 21,274 shares of the company’s stock, valued at approximately $1,984,013.24. The trade was a 10.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total transaction of $5,900,400.00. Following the transaction, the chairman owned 246,538 shares of the company’s stock, valued at approximately $24,244,546.92. The trade was a 19.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 137,544 shares of company stock worth $14,102,044 in the last three months. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On ATI

Several hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC raised its position in ATI by 642.9% during the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 225 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of ATI by 2,010.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 402 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new position in shares of ATI during the 3rd quarter worth approximately $34,000. Allworth Financial LP raised its position in shares of ATI by 50.8% during the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 180 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in ATI in the 4th quarter valued at approximately $52,000.

ATI Price Performance

Shares of ATI traded up $3.84 on Monday, reaching $143.65. The stock had a trading volume of 2,251,728 shares, compared to its average volume of 2,092,475. ATI has a twelve month low of $39.23 and a twelve month high of $144.50. The firm has a market capitalization of $19.52 billion, a PE ratio of 50.58, a PEG ratio of 1.45 and a beta of 1.02. The firm has a 50-day moving average of $120.43 and a 200 day moving average of $97.43. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $0.79 earnings per share. ATI’s quarterly revenue was up .4% compared to the same quarter last year. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. Sell-side analysts expect that ATI will post 2.89 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on ATI. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research report on Sunday. Susquehanna set a $155.00 price target on ATI in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. JPMorgan Chase & Co. increased their price objective on ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $133.00.

About ATI

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.