Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Short Interest Up 24.5% in November

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 1,120,000 shares, a growth of 24.5% from the October 31st total of 899,900 shares. Based on an average trading volume of 970,800 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure in a research report on Saturday. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.20.

Atlantica Sustainable Infrastructure Trading Up 0.1 %

AY traded up $0.02 on Monday, reaching $21.96. 494,862 shares of the company’s stock were exchanged, compared to its average volume of 1,205,705. Atlantica Sustainable Infrastructure has a twelve month low of $16.82 and a twelve month high of $23.47. The company’s 50 day moving average is $22.03 and its 200-day moving average is $22.09. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.20 and a current ratio of 1.25. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 75.66, a PEG ratio of 2.13 and a beta of 1.03.

Atlantica Sustainable Infrastructure Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be paid a $0.2225 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.89 annualized dividend and a dividend yield of 4.05%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is presently 613.81%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AY. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Atlantica Sustainable Infrastructure in the 2nd quarter worth about $30,000. Public Employees Retirement System of Ohio bought a new stake in Atlantica Sustainable Infrastructure in the third quarter valued at about $44,000. Private Trust Co. NA raised its stake in Atlantica Sustainable Infrastructure by 362.1% during the third quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock valued at $56,000 after buying an additional 1,995 shares in the last quarter. Headlands Technologies LLC lifted its holdings in Atlantica Sustainable Infrastructure by 499.4% during the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock worth $90,000 after buying an additional 3,411 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Atlantica Sustainable Infrastructure by 433.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 6,064 shares in the last quarter. Institutional investors and hedge funds own 40.53% of the company’s stock.

About Atlantica Sustainable Infrastructure

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.