Atlantic International Corp. (NASDAQ:ATLN) Short Interest Down 18.4% in January

Atlantic International Corp. (NASDAQ:ATLN) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 217,027 shares, a drop of 18.4% from the January 15th total of 265,806 shares. Based on an average trading volume of 380,127 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 380,127 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Atlantic International

A number of hedge funds have recently bought and sold shares of ATLN. Geode Capital Management LLC lifted its stake in Atlantic International by 112.2% in the 2nd 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 in the last quarter. State Street Corp increased its holdings in shares of Atlantic International by 9.4% in the fourth quarter. State Street Corp now owns 103,859 shares of the company’s stock valued at $138,000 after purchasing an additional 8,959 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Atlantic International by 232.1% in the fourth quarter. Deutsche Bank AG now owns 50,817 shares of the company’s stock valued at $68,000 after purchasing an additional 35,513 shares during the last quarter. New York State Common Retirement Fund purchased a new position in Atlantic International during the second quarter worth approximately $97,000. Finally, Strs Ohio purchased a new position in Atlantic International during the third quarter worth approximately $106,000.

Atlantic International Stock Down 0.3%

Shares of ATLN opened at $2.96 on Monday. Atlantic International has a 52-week low of $1.16 and a 52-week high of $6.50. The firm’s fifty day moving average is $2.34 and its two-hundred day moving average is $2.79. The stock has a market cap of $173.25 million, a PE ratio of -1.32 and a beta of 1.22.

Atlantic International (NASDAQ:ATLN) last issued its earnings results on Friday, November 14th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $110.13 million for the quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ATLN. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlantic International in a research report 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. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus 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.