Short Interest in ATN International, Inc. (NASDAQ:ATNI) Decreases By 22.7%

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 142,400 shares, a drop of 22.7% from the March 31st total of 184,200 shares. Based on an average daily trading volume, of 70,600 shares, the short-interest ratio is currently 2.0 days. Currently, 1.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in shares of ATN International by 26.0% during the fourth quarter. Bank of New York Mellon Corp now owns 124,865 shares of the technology company's stock worth $2,099,000 after buying an additional 25,727 shares in the last quarter. Quantbot Technologies LP acquired a new position in ATN International during the fourth quarter worth $62,000. Gabelli Funds LLC acquired a new stake in ATN International in the 4th quarter valued at $2,367,000. Gamco Investors INC. ET AL lifted its position in ATN International by 389.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 65,250 shares of the technology company's stock worth $1,097,000 after buying an additional 51,907 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in shares of ATN International by 51.2% during the 4th quarter. Tudor Investment Corp ET AL now owns 42,360 shares of the technology company's stock worth $712,000 after buying an additional 14,344 shares during the last quarter. Institutional investors own 65.50% of the company's stock.

ATN International Price Performance

Shares of ATN International stock traded up $1.07 during midday trading on Friday, reaching $16.04. The company had a trading volume of 71,141 shares, compared to its average volume of 98,371. The stock has a fifty day simple moving average of $19.02 and a 200 day simple moving average of $19.19. The company has a market capitalization of $248.32 million, a price-to-earnings ratio of -5.90 and a beta of 0.66. ATN International has a 1-year low of $14.63 and a 1-year high of $33.72. The company has a current ratio of 1.21, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95.

ATN International (NASDAQ:ATNI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.47). The company had revenue of $179.29 million during the quarter, compared to the consensus estimate of $178.67 million. ATN International had a positive return on equity of 0.52% and a negative net margin of 4.79%. As a group, equities research analysts forecast that ATN International will post -0.73 earnings per share for the current year.

ATN International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend was Monday, March 31st. ATN International's payout ratio is presently -41.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ATNI shares. Raymond James set a $22.00 price target on ATN International in a research report on Thursday, March 6th. StockNews.com upgraded ATN International from a "hold" rating to a "buy" rating in a report on Thursday, March 6th.

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.