ICC Holdings, Inc. (NASDAQ:ICCH) Short Interest Up 23.5% in October

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

Hedge Funds Weigh In On ICC

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in ICC in the second quarter worth approximately $532,000. Skandinaviska Enskilda Banken AB publ bought a new stake in ICC in the second quarter worth approximately $679,000. Gabelli Funds LLC bought a new stake in ICC in the second quarter worth approximately $1,149,000. Finally, Gardner Lewis Asset Management L P bought a new stake in ICC in the second quarter worth approximately $2,594,000. 46.50% of the stock is owned by institutional investors and hedge funds.

ICC Trading Up 1.3 %

Shares of ICC stock traded up $0.31 during midday trading on Wednesday, reaching $23.30. The company had a trading volume of 7 shares, compared to its average volume of 10,297. The stock has a fifty day moving average price of $22.98 and a 200 day moving average price of $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. The firm has a market cap of $73.23 million, a PE ratio of 13.55 and a beta of 0.32. ICC has a fifty-two week low of $14.78 and a fifty-two week high of $23.39.

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

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.