There was a significant increase in the number of short positions taken on ATN International, Inc. (NASDAQ: ATNI) during December. There were 159,700 shares available for short sale one month before December 15, but there were 180,400 shares available for a short sale as of December 15. This represents a 13.0% increase. Based on the typical volume of trading activity, which is 51,100 shares per day, the days-to-cover ratio is currently at 3.5 days. This is the number that was arrived at. Short sales account for approximately 1.7% of the total number of shares issued by the company.
On October 26, ATN International (NASDAQ: ATNI) disclosed the outcomes of its most recent financial report covering the previous quarter. The information technology company’s earnings per share for the quarter came in at $0.25, which was lower than the consensus forecast of $0.11 per share. According to analysts, revenue projections for the upcoming quarter for the company ranged anywhere from $183.38 million to $182.21 million. The net margin and the return on equity were negative for ATN International, with the former being -3.95% and the latter being -0.34%, respectively. A loss of $0.24 per share is anticipated for ATN International in 2017, according to projections made by specialists in the relevant industry.
On Monday, a total of 980 shares were traded for $45.31, which is a significant decrease compared to the usual daily volume of 46,910 shares traded in ATNI. The debt-to-equity ratio is calculated to be 0.52; the quick ratio is calculated to be 1.03; the current ratio is calculated to be 1.09, and so on. Over the previous 50 days, the company’s moving average was $45.76; over the previous 200 days, it was $44.63. Over the previous twelve months, the price range for ATN International has moved from a low of $32.07 to a high of $50.45.
Recent commentary on the ATNI stock has been provided by several professionals who focus their practice on equity research. The first research note that StockNews.com had ever published was on ATN International, the company it would cover. This note was released on October 12. They recommended that shareholders “hold” their shares of the company. A research note published by TheStreet on November 18 moved the rating of ATN International up one notch, moving it from “d+” to “c-,” reflecting an improvement in the rating’s overall quality.
The company just recently declared and distributed a quarterly dividend, and it is scheduled to be paid out on January 6. In addition, the company just recently announced and distributed the dividend. Shareholders recognized as having ownership of the company as of December 31 will be eligible to receive a dividend payment of $0.21 per share. This results in a yield of 1.84% and a dividend payment of $0.84 yearly for the shareholder. The dividend will be withheld from shareholder accounts on Thursday, December 29. This amount represents an increase compared to the previous quarterly dividend amount of $0.17 that ATN International distributed. The current dividend payout ratio for ATN International is 41.58%, which is lower than average.
On Friday, December 9, Justin D. Benincasa, the company’s Chief Financial Officer, sold 4,000 shares of the company’s stock. This is related to the news that was previously mentioned. The stock changed hands for $181,720.00 while trading at an average price of $45.43. This resulted in the accumulation of cash. Following the completion of the sale, the chief financial officer will have a total of 63,196 shares in the company. These shares have a value of $2,870,994.28 at present. Simply clicking on this link will take you to a document submitted to the SEC and provide you with additional details regarding the transaction. The current percentage of the company’s shares held by company insiders is 4.51%.