Atento SA (NYSE:ATTO) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 348,240 shares, a decline of 50.4% from the October 31st total of 702,700 shares. Based on an average daily volume of 135,249 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.4% of the shares of the company are sold short.

A number of hedge funds and other institutional investors have recently bought and sold shares of ATTO. Aviva PLC bought a new stake in Atento in the second quarter valued at about $2,048,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Atento in the second quarter valued at about $144,000. Royce & Associates LP increased its stake in Atento by 20.8% in the second quarter. Royce & Associates LP now owns 1,105,701 shares of the business services provider’s stock valued at $7,574,000 after acquiring an additional 190,200 shares during the period. Citadel Advisors LLC increased its stake in Atento by 270.0% in the second quarter. Citadel Advisors LLC now owns 100,291 shares of the business services provider’s stock valued at $687,000 after acquiring an additional 73,183 shares during the period. Finally, Bank of America Corp DE increased its stake in Atento by 52.4% in the second quarter. Bank of America Corp DE now owns 486,135 shares of the business services provider’s stock valued at $3,330,000 after acquiring an additional 167,174 shares during the period. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the stock. TheStreet downgraded shares of Atento from a “c” rating to a “d+” rating in a report on Tuesday, November 27th. ValuEngine downgraded shares of Atento from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 21st. Barrington Research set a $12.00 price objective on shares of Atento and gave the stock a “buy” rating in a report on Wednesday, November 14th. Zacks Investment Research upgraded shares of Atento from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. Finally, Robert W. Baird dropped their price objective on shares of Atento from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Atento presently has an average rating of “Hold” and a consensus price target of $10.17.

NYSE ATTO opened at $4.36 on Friday. The stock has a market capitalization of $341.46 million, a P/E ratio of 5.81, a price-to-earnings-growth ratio of 0.82 and a beta of 0.39. Atento has a twelve month low of $4.34 and a twelve month high of $10.45. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.31.

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Atento Company Profile

Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.

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