Short Interest Coverage: Atento SA (NYSE:ATTO) Could Burn Your Long Portfolio After More Shorts

November 25, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Coverage: Atento SA (NYSE:ATTO) Could Burn Your Long Portfolio After More Shorts

The stock of Atento SA (NYSE:ATTO) registered an increase of 33.93% in short interest. ATTO’s total short interest was 30,000 shares in November as published by FINRA. Its up 33.93% from 22,400 shares, reported previously. With 33,800 shares average volume, it will take short sellers 1 days to cover their ATTO’s short positions. The short interest to Atento SA’s float is 0.29%. The stock increased 3.03% or $0.25 on November 23, hitting $8.5. Atento SA (NYSE:ATTO) has risen 10.53% since April 22, 2016 and is uptrending. It has outperformed by 5.12% the S&P500.

Atento S.A. is a provider of customer-relationship management and business-process outsourcing services and solutions in Latin America. The company has a market cap of $663.35 million. The Firm offers a portfolio of CRM BPO services, including customer care, sales, collections, back office and technical support. It has a 12.73 P/E ratio. The Firm operates through three divisions: EMEA, Americas and Brazil.

Atento SA (NYSE:ATTO) Ratings Coverage

Out of 3 analysts covering Atento (NYSE:ATTO), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $9.50 is the highest target while $9 is the lowest. The $9.25 average target is 8.82% above today’s ($8.5) stock price. Atento has been the topic of 3 analyst reports since March 9, 2016 according to StockzIntelligence Inc. The firm has “Neutral” rating by Credit Suisse given on Wednesday, May 11. The firm has “Neutral” rating by Bank of America given on Wednesday, March 9. The firm has “Outperform” rating given on Wednesday, March 9 by Robert W. Baird.

ATTO Company Profile

Atento S.A., incorporated on April 3, 2014, is a well-known provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Firm offers a portfolio of CRM BPO services, including customer care, sales, collections, back office and technical support. The Firm operates through three divisions: EMEA, Americas and Brazil. The Company’s services and solutions are delivered across multiple channels, including digital (short message service (SMS), e-mail, chats, social media and applications, among others) and voice, and are enabled by process design, technology and intelligence functions. The Firm also has client relationships across a range of industries working in sectors, such as telecommunications, banking and financial services and multi-sector, which comprise the consumer goods, services, public administration, pay television, healthcare, transportation, technology and media industries.

More recent Atento SA (NYSE:ATTO) news were published by: Streetinsider.com which released: “Atento S.A. (ATTO) Takes Majority Stake in R Brasil” on September 06, 2016. Also Marketwatch.com published the news titled: “Atento downgraded to neutral from outperform at Credit Suisse” on October 01, 2014. Thestreet.com‘s news article titled: “Atento SA (ATTO) Plunges in First Trading Day After IPO” with publication date: October 02, 2014 was also an interesting one.

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By Peter Erickson


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