Short Interest in ATI Inc. (NYSE:ATI) Increases By 24.0%

ATI Inc. (NYSE:ATI) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,843,419 shares, a growth of 24.0% from the January 15th total of 2,293,827 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,542,602 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 1,542,602 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.1% of the company’s stock are short sold.

Insider Buying and Selling

In related news, VP Timothy J. Harris sold 10,542 shares of ATI stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the completion of the transaction, the vice president directly owned 98,310 shares of the company’s stock, valued at $9,622,582.80. This trade represents a 9.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $93.26, for a total value of $242,289.48. Following the sale, the senior vice president directly owned 21,274 shares in the company, valued at $1,984,013.24. This trade represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 137,544 shares of company stock worth $14,102,044 in the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of ATI

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Asset Management One Co. Ltd. purchased a new stake in shares of ATI in the third quarter valued at about $3,664,000. Envestnet Portfolio Solutions Inc. increased its position in ATI by 27.4% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 39,682 shares of the basic materials company’s stock valued at $3,228,000 after acquiring an additional 8,532 shares during the period. Segall Bryant & Hamill LLC raised its stake in ATI by 108.9% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 373,083 shares of the basic materials company’s stock valued at $32,212,000 after acquiring an additional 194,518 shares during the last quarter. Schroder Investment Management Group lifted its position in ATI by 21.3% during the 2nd quarter. Schroder Investment Management Group now owns 532,837 shares of the basic materials company’s stock worth $46,005,000 after acquiring an additional 93,620 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of ATI by 9.7% in the 3rd quarter. Federated Hermes Inc. now owns 491,849 shares of the basic materials company’s stock valued at $40,007,000 after purchasing an additional 43,364 shares during the last quarter.

ATI Trading Up 2.7%

NYSE:ATI traded up $3.84 during mid-day trading on Monday, hitting $143.65. 2,251,728 shares of the stock traded hands, compared to its average volume of 2,092,475. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. ATI has a 52 week low of $39.23 and a 52 week high of $144.50. The stock has a market capitalization of $19.52 billion, a price-to-earnings ratio of 50.58, a PEG ratio of 1.45 and a beta of 1.02. The firm’s 50 day moving average is $120.43 and its two-hundred day moving average is $97.43.

ATI (NYSE:ATI) last released its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company earned $0.79 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, equities research analysts predict that ATI will post 2.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ATI. BTIG Research upped their price objective on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $150.00 price target on shares of ATI in a research note on Wednesday, February 4th. KeyCorp increased their price objective on shares of ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. boosted their target price on shares of ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Susquehanna set a $155.00 target price on shares of ATI in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat.com, ATI has a consensus rating of “Buy” and an average target price of $133.00.

About ATI

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.