Short Interest in ICC Holdings, Inc. (NASDAQ:ICCH) Expands By 23.5%

ICC Holdings, Inc. (NASDAQ:ICCH) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 2,100 shares, a growth of 23.5% from the September 30th total of 1,700 shares. Based on an average trading volume of 3,700 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

ICC Stock Up 1.3 %

ICCH traded up $0.31 during trading on Wednesday, reaching $23.30. 7 shares of the stock traded hands, compared to its average volume of 10,297. The stock’s 50-day simple moving average is $22.98 and its two-hundred day simple moving average is $20.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.96 and a quick ratio of 0.96. ICC has a fifty-two week low of $14.78 and a fifty-two week high of $23.39. The stock has a market cap of $73.23 million, a price-to-earnings ratio of 13.55 and a beta of 0.32.

ICC (NASDAQ:ICCH) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.25) EPS for the quarter. ICC had a net margin of 4.31% and a return on equity of 5.78%. The firm had revenue of $22.18 million during the quarter.

Hedge Funds Weigh In On ICC

Several institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new position in shares of ICC during the 2nd quarter valued at about $532,000. Skandinaviska Enskilda Banken AB publ bought a new position in ICC in the 2nd quarter worth $679,000. Gabelli Funds LLC bought a new stake in ICC during the second quarter valued at about $1,149,000. Finally, Gardner Lewis Asset Management L P acquired a new stake in shares of ICC in the second quarter valued at about $2,594,000. 46.50% of the stock is currently owned by institutional investors.

About ICC

ICC Holdings, Inc, together with its subsidiaries, provides property and casualty insurance products to the food and beverage industry in the United States. It offers commercial multi-peril, liquor liability, workers' compensation, and umbrella liability insurance products. The company markets its products through independent agents in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, Utah, and Wisconsin.