Atlantic International Corp. (NASDAQ:ATLN) Short Interest Up 16.8% in April

Atlantic International Corp. (NASDAQ:ATLN) saw a large growth in short interest in April. As of April 15th, there was short interest totaling 458,761 shares, a growth of 16.8% from the March 31st total of 392,843 shares. Based on an average daily volume of 60,126 shares, the short-interest ratio is currently 7.6 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in Atlantic International by 112.2% in the 2nd quarter. Geode Capital Management LLC now owns 245,077 shares of the company’s stock valued at $498,000 after buying an additional 129,572 shares during the last quarter. State Street Corp grew its holdings in 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 last quarter. Strs Ohio grew its holdings in Atlantic International by 54.4% in the 1st quarter. Strs Ohio now owns 53,900 shares of the company’s stock valued at $163,000 after buying an additional 19,000 shares during the last quarter. Deutsche Bank AG grew its holdings in 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 last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Atlantic International in the 2nd quarter valued at approximately $97,000.

Atlantic International Stock Performance

Shares of NASDAQ ATLN traded down $0.09 during mid-day trading on Friday, reaching $1.40. 475,170 shares of the company traded hands, compared to its average volume of 312,762. The stock has a market cap of $111.10 million, a PE ratio of -1.28 and a beta of 1.23. The company’s fifty day moving average is $3.01 and its two-hundred day moving average is $2.65. Atlantic International has a fifty-two week low of $1.16 and a fifty-two week high of $5.25.

Atlantic International (NASDAQ:ATLN) last issued its quarterly earnings data on Wednesday, April 15th. The company reported ($0.49) EPS for the quarter. The firm had revenue of $120.05 million during the quarter. Research analysts forecast that Atlantic International will post -0.61 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Atlantic International to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlantic International in a research note on Monday, April 20th. One 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 stock. Based on data from MarketBeat, Atlantic International currently 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.