Atlantic International Corp. (NASDAQ:ATLN) Short Interest Down 16.2% in March

Key Points

• Short interest down 16.2% in March to 202,351 shares (about 0.4% of shares outstanding), yielding a short-interest ratio of 2.1 days based on average daily volume.
• Institutional activity shows accumulation: Geode Capital raised its stake 112.2% to 245,077 shares and Deutsche Bank increased its holding 232.1%, while State Street and several public funds also added positions.
• Analysts are mixed (one Strong Buy, one Hold, one Sell, average "Hold"), and the stock trades around $3.20 with a 52-week range of $1.16–$5.25 and a market cap near $187 million.

Atlantic International Corp. (NASDAQ:ATLN - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 202,351 shares, a drop of 16.2% from the February 26th total of 241,593 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 97,181 shares, the short-interest ratio is currently 2.1 days.

Institutional Investors Weigh In On Atlantic International

A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in Atlantic International by 112.2% during the second quarter. Geode Capital Management LLC now owns 245,077 shares of the company's stock worth $498,000 after purchasing an additional 129,572 shares during the period. State Street Corp grew 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 buying an additional 8,959 shares during the period. Deutsche Bank AG grew 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 buying an additional 35,513 shares during the period. New York State Common Retirement Fund acquired a new stake in shares of Atlantic International during the 2nd quarter worth approximately $97,000. Finally, Strs Ohio acquired a new stake in shares of Atlantic International during the 3rd quarter worth approximately $106,000.

Atlantic International Price Performance

Shares of ATLN opened at $3.20 on Monday. Atlantic International has a 52-week low of $1.16 and a 52-week high of $5.25. The company has a market capitalization of $187.30 million, a PE ratio of -1.43 and a beta of 1.25. The stock has a fifty day simple moving average of $3.40 and a two-hundred day simple moving average of $2.82.

Analysts Set New Price Targets

Several brokerages recently issued reports on ATLN. LADENBURG THALM/SH SH raised shares of Atlantic International to a "strong-buy" rating in a research note on Thursday, December 18th. Wall Street Zen raised shares of Atlantic International to a "sell" rating in a research note on Saturday, March 21st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Atlantic International in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold".

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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