ATN International, Inc. (NASDAQ:ATNI) Short Interest Down 22.7% in April

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) was the target of a large 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. Currently, 1.4% of the company's stock are short sold. Based on an average trading volume of 70,600 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of ATN International

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

ATN International Stock Performance

Shares of ATNI traded up $0.45 on Tuesday, reaching $16.57. 36,471 shares of the company's stock traded hands, compared to its average volume of 97,861. The stock's 50 day simple moving average is $18.97 and its two-hundred day simple moving average is $18.86. 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 has a 52-week low of $14.63 and a 52-week high of $33.72. The stock has a market cap of $252.15 million, a PE ratio of -6.09 and a beta of 0.69.

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

ATN International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 5.79%. ATN International's payout ratio is -41.56%.

Wall Street Analyst Weigh In

ATNI has been the topic of a number of recent research reports. StockNews.com lowered ATN International from a "buy" rating to a "hold" rating in a report on Monday. Raymond James set a $22.00 target price on shares of ATN International in a research note 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.