Atlantic International Corp. (NASDAQ:ATLN) Short Interest Update

Atlantic International Corp. (NASDAQ:ATLN) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 177,300 shares, a decrease of 27.7% from the September 30th total of 245,100 shares. Based on an average trading volume of 62,200 shares, the days-to-cover ratio is currently 2.9 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 62,200 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in Atlantic International during the 3rd quarter worth approximately $106,000. New York State Common Retirement Fund purchased a new position in Atlantic International during the 2nd quarter worth approximately $97,000. Finally, Geode Capital Management LLC grew its stake in Atlantic International by 112.2% during the 2nd quarter. Geode Capital Management LLC now owns 245,077 shares of the company’s stock worth $498,000 after buying an additional 129,572 shares during the last quarter.

Atlantic International Stock Down 0.8%

NASDAQ:ATLN opened at $2.61 on Wednesday. The stock’s 50 day moving average price is $3.37 and its 200 day moving average price is $2.89. The company has a market capitalization of $152.36 million, a PE ratio of -1.19 and a beta of 1.13. Atlantic International has a 52-week low of $1.45 and a 52-week high of $7.97.

Wall Street Analyst Weigh In

ATLN has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlantic International in a report on Wednesday, October 8th. Zacks Research upgraded Atlantic International to a “hold” rating in a report on Friday, October 3rd. Finally, LADENBURG THALM/SH SH upgraded Atlantic International to a “strong-buy” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Atlantic International

Atlantic International Corp. engages in the design, development, and manufacture of genetic analysis technologies. Its services include RNA sequencing and DNA sequencing. The company was founded by William C. St. Laurent and Daniel R. Jones in 2013 and is headquartered in Billercia, MA.