Atlantic American Co. (NASDAQ:AAME) Short Interest Update

Atlantic American Co. (NASDAQ:AAME) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 41,800 shares, a drop of 6.7% from the October 15th total of 44,800 shares. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is presently 8.9 days. Approximately 1.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Atlantic American in a research note on Monday. They set a “hold” rating for the company.

Atlantic American Stock Down 1.2 %

AAME stock opened at $1.65 on Tuesday. The business has a fifty day moving average of $1.65 and a two-hundred day moving average of $1.65. The stock has a market cap of $33.66 million, a price-to-earnings ratio of -4.71 and a beta of 0.46. Atlantic American has a 52-week low of $1.43 and a 52-week high of $3.00.

Institutional Investors Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar grew its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the quarter. Atlantic American accounts for 0.7% of Biglari Sardar’s holdings, making the stock its 10th largest holding. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Institutional investors own 5.48% of the company’s stock.

Atlantic American Company Profile

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.