Atlantic Power Corp (NYSE:AT) (TSE:ATP) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 875,400 shares, an increase of 56.5% from the July 31st total of 559,400 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 420,100 shares, the days-to-cover ratio is presently 2.1 days.

Shares of NYSE:AT traded down $0.02 during trading on Friday, hitting $2.41. The stock had a trading volume of 8,780 shares, compared to its average volume of 197,759. Atlantic Power has a 12-month low of $2.07 and a 12-month high of $3.02. The stock has a market capitalization of $260.33 million, a price-to-earnings ratio of 15.09 and a beta of 0.93. The company has a quick ratio of 0.79, a current ratio of 0.89 and a debt-to-equity ratio of 70.34. The stock has a 50-day simple moving average of $2.35 and a two-hundred day simple moving average of $2.44.

Atlantic Power (NYSE:AT) (TSE:ATP) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Atlantic Power had a negative return on equity of 686.79% and a net margin of 9.74%. The firm had revenue of $71.30 million during the quarter. As a group, sell-side analysts forecast that Atlantic Power will post 0.24 earnings per share for the current year.

Several large investors have recently made changes to their positions in AT. Highstreet Asset Management Inc. raised its position in Atlantic Power by 26.8% during the first quarter. Highstreet Asset Management Inc. now owns 35,459 shares of the utilities provider’s stock valued at $89,000 after acquiring an additional 7,486 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Atlantic Power by 116.6% during the first quarter. BNP Paribas Arbitrage SA now owns 23,444 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 12,619 shares in the last quarter. ClariVest Asset Management LLC raised its position in Atlantic Power by 6.4% during the first quarter. ClariVest Asset Management LLC now owns 232,700 shares of the utilities provider’s stock valued at $587,000 after acquiring an additional 13,900 shares in the last quarter. QCM Cayman Ltd. purchased a new position in Atlantic Power during the first quarter valued at approximately $198,000. Finally, Captrust Financial Advisors purchased a new position in Atlantic Power during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 61.47% of the company’s stock.

Several research analysts have recently issued reports on AT shares. ValuEngine cut Atlantic Power from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Zacks Investment Research cut Atlantic Power from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.88.

Atlantic Power Company Profile

Atlantic Power Corp. is a power producer company, which engages in owning power generation assets. The firm operates through its segments: East U.S., West U.S., Canada and Un-Allocated Corporate. It projects sell electricity and steam to investment-grade utilities and creditworthy large customers under long term Power Purchase Agreements.

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