ATI Inc. (NYSE:ATI) Sees Large Growth in Short Interest

ATI Inc. (NYSE:ATI) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 3,279,487 shares, an increase of 24.4% from the February 26th total of 2,636,739 shares. Based on an average daily trading volume, of 2,288,250 shares, the days-to-cover ratio is currently 1.4 days. Currently, 2.4% of the company’s shares are sold short.

ATI Stock Up 6.8%

ATI stock traded up $9.16 during midday trading on Tuesday, hitting $144.66. 2,756,106 shares of the company’s stock were exchanged, compared to its average volume of 2,135,799. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66. The company has a market cap of $19.74 billion, a PE ratio of 50.94, a P/E/G ratio of 1.34 and a beta of 0.95. The firm has a 50-day moving average of $143.38 and a two-hundred day moving average of $114.65. ATI has a 12 month low of $39.23 and a 12 month high of $168.14.

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

ATI declared that its board has initiated a stock repurchase plan on Thursday, February 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Alembic Global Advisors assumed coverage on shares of ATI in a research note on Thursday, January 15th. They issued an “overweight” rating and a $141.00 target price on the stock. Susquehanna set a $155.00 target price on shares of ATI in a research report on Wednesday, February 4th. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $134.00.

Insiders Place Their Bets

In other ATI news, Director David J. Morehouse sold 6,609 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the sale, the director owned 38,168 shares in the company, valued at $5,887,414. This trade represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. True Wealth Design LLC increased its position in shares of 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 purchasing an additional 225 shares in the last quarter. Meeder Asset Management Inc. boosted its position in ATI by 2,010.0% in the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after buying an additional 402 shares during the last quarter. Prestige Wealth Management Group LLC acquired a new position in ATI in the 3rd quarter worth approximately $34,000. Allworth Financial LP raised its position in 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 buying an additional 180 shares during the last quarter. Finally, Torren Management LLC purchased a new position in ATI during the fourth quarter valued at approximately $52,000.

ATI Company Profile

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.