ATI Inc. (NYSE:ATI) Short Interest Update

ATI Inc. (NYSE:ATI) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 3,279,487 shares, a growth of 24.4% from the February 26th total of 2,636,739 shares. Based on an average daily trading volume, of 2,288,250 shares, the short-interest ratio is presently 1.4 days. Currently, 2.4% of the shares of the company are sold short.

ATI Price Performance

Shares of NYSE ATI traded down $4.67 during midday trading on Monday, hitting $135.76. The stock had a trading volume of 2,014,305 shares, compared to its average volume of 2,054,820. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. The stock has a 50 day simple moving average of $142.73 and a 200-day simple moving average of $113.75. The company has a market capitalization of $18.53 billion, a PE ratio of 47.80, a P/E/G ratio of 1.39 and a beta of 0.95. ATI has a 1 year low of $39.23 and a 1 year high of $168.14.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 EPS. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, sell-side analysts expect that ATI will post 2.89 EPS for the current fiscal year.

ATI announced that its board has initiated a share buyback program on Thursday, February 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the basic materials company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other ATI news, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction on Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the transaction, the director owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. The trade was a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On ATI

Several hedge funds and other institutional investors have recently modified their holdings of the business. True Wealth Design LLC grew its stake in ATI by 642.9% during the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 225 shares in the last quarter. Prestige Wealth Management Group LLC purchased a new position in ATI in the 3rd quarter worth approximately $34,000. Meeder Asset Management Inc. lifted its stake in ATI by 2,010.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 402 shares in the last quarter. Torren Management LLC acquired a new position in shares of ATI during the 4th quarter worth approximately $52,000. Finally, Allworth Financial LP boosted its holdings in shares of ATI by 50.8% during the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 180 shares during the last quarter.

Analysts Set New Price Targets

ATI has been the topic of a number of analyst reports. BTIG Research raised their target price on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Alembic Global Advisors began coverage on ATI in a report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target for the company. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. Finally, Susquehanna set a $155.00 price objective on ATI in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $134.00.

About ATI

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.