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

Atlantic American Co. (NASDAQ:AAME) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 800 shares, a drop of 98.0% from the November 30th total of 41,000 shares. Based on an average daily volume of 5,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Atlantic American Stock Performance

NASDAQ AAME traded down $0.05 on Thursday, reaching $1.46. The company’s stock had a trading volume of 211 shares, compared to its average volume of 5,673. The firm’s 50 day moving average is $1.59 and its two-hundred day moving average is $1.62. Atlantic American has a twelve month low of $1.26 and a twelve month high of $3.00. The stock has a market cap of $29.78 million, a PE ratio of -4.17 and a beta of 0.47.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Atlantic American in a report on Friday, December 20th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar lifted its stake in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American makes up 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest holding. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 as of its most recent filing with the Securities and Exchange Commission. 5.48% of the stock is currently owned by institutional investors and hedge funds.

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.