Atlantic International Corp. (NASDAQ:ATLN) Sees Large Growth in Short Interest

Key Points

• Short interest surged 94.1% to 392,843 shares as of March 31, equal to 0.8% of shares sold short and a short-interest ratio of 2.4 days (average daily volume 164,487).
• Several institutions boosted or established positions recently — Deutsche Bank raised its stake 232.1% to 50,817 shares, Geode added 129,572 shares to reach 245,077, and State Street holds 103,859 shares, while NY State Common Retirement Fund and STRS Ohio initiated new stakes.
• Analyst views are mixed (one Strong Buy, one Hold, one Sell), leaving a MarketBeat consensus rating of Hold.

Atlantic International Corp. (NASDAQ:ATLN - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 392,843 shares, an increase of 94.1% from the March 15th total of 202,351 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 164,487 shares, the short-interest ratio is currently 2.4 days.

Hedge Funds Weigh In On Atlantic International

A number of institutional investors have recently bought and sold shares of the company. Deutsche Bank AG raised its stake in shares of Atlantic International by 232.1% in the 4th quarter. Deutsche Bank AG now owns 50,817 shares of the company's stock valued at $68,000 after acquiring an additional 35,513 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of Atlantic International in the 2nd quarter valued at approximately $97,000. Strs Ohio purchased a new stake in shares of Atlantic International in the 3rd quarter valued at approximately $106,000. State Street Corp raised its stake in shares of Atlantic International by 9.4% in the 4th quarter. State Street Corp now owns 103,859 shares of the company's stock valued at $138,000 after acquiring an additional 8,959 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Atlantic International by 112.2% in the 2nd quarter. Geode Capital Management LLC now owns 245,077 shares of the company's stock valued at $498,000 after acquiring an additional 129,572 shares during the period.

Wall Street Analyst Weigh In

ATLN has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Atlantic International in a research note on Wednesday, January 21st. LADENBURG THALM/SH SH raised shares of Atlantic International to a "strong-buy" rating in a research note on Thursday, December 18th. Finally, Wall Street Zen raised shares of Atlantic International to a "sell" rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Atlantic International currently has a consensus rating of "Hold".

Atlantic International Price Performance

Shares of ATLN stock opened at $2.78 on Monday. The firm's 50-day moving average is $3.35 and its two-hundred day moving average is $2.75. Atlantic International has a 12 month low of $1.16 and a 12 month high of $5.25. The company has a market capitalization of $162.71 million, a PE ratio of -1.24 and a beta of 1.23.

Atlantic International Company Profile

Atlantic International NASDAQ: ATLN is a specialty finance real estate investment trust focused on providing flexible capital solutions to U.S.-based, growth-oriented businesses. Through its externally managed structure, the company targets a diversified portfolio of debt and equity investments in micro-, small- and mid-cap enterprises operating across technology, healthcare, consumer internet, business services and other high-growth sectors. Atlantic International seeks to deliver current income and potential capital appreciation by structuring customized financing arrangements tailored to the needs of underserved companies.

The company's investment strategy emphasizes middle-market firms that demonstrate strong growth trajectories and scalable business models.

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