Atento SA (NYSE:ATTO) Brief Interest Update

Atento SA (NYSE:ATTO – Get Rating) was the target of a sharp rise in short interest in April. As of April 15, there were short interests totaling 11,000 shares, an increase of 54.9% from the March 31 total of 7,100 shares. Based on an average daily volume of 24,300 shares, the day-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

Several large investors have recently increased or reduced their stake in the company. JPMorgan Chase & Co. increased its position in Atento by 40,368.8% during the 4th quarter. JPMorgan Chase & Co. now owns 6,475 shares of the business services provider valued at $165,000 after purchasing an additional 6,459 shares during the period. Diametric Capital LP acquired a new stake in Atento during Q4 worth approximately $202,000. Intrepid Capital Management Inc. bought a new stake in Atento stock in Q4 valued at $481,000. Renaissance Technologies LLC increased its stake in Atento shares by 19.6% in the third quarter. Renaissance Technologies LLC now owns 47,523 shares of the business services provider valued at $1,341,000 after acquiring an additional 7,780 shares in the last quarter. Finally, Morgan Stanley increased its stake in Atento by 1.0% in the second quarter. Morgan Stanley now owns 122,228 shares of the business services provider worth $3,134,000 after buying an additional 1,224 shares last quarter.

NYSE ATTO shares were up $0.50 at midday Friday, hitting $25.45. 9,427 shares of the stock trade in hands, compared to its average volume of 21,178. The company has a quick ratio of 1.37, a current ratio of 1.24 and a leverage ratio of 19 ,16. Atento has a one-year minimum of $18.75 and a one-year maximum of $32.00. The company’s 50-day moving average is $26.62 and its 200-day moving average is $25.57.

Atento (NYSE:ATTO – Get Rating) last released its quarterly results on Wednesday, March 30. The business services provider reported ($2.43) earnings per share (EPS) for the quarter. The company posted revenue of $327.20 million in the quarter, versus a consensus estimate of $352.00 million. Atento had a negative return on equity of 129.55% and a negative net margin of 6.23%. As a group, stock analysts predict Atento will post EPS of 0.55 for the current fiscal year.

A number of brokerages have published reports on ATTO. Barrington Research reissued an “outperform” rating on Atento shares in a research report on Friday, April 1. began covering Atento shares in a research note on Thursday, March 31. They set a “buy” rating on the stock. Finally, Zacks Investment Research upgraded Atento shares from a “hold” rating to a “strong sell” rating in a Wednesday, April 6 research note. One financial analyst has assigned the stock a sell rating, one has issued a hold rating and two have assigned the stock a buy rating. According to, the company has an average rating of “Hold” and an average target price of $29.33.

Atento Company Profile (Get a rating)

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

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