Atlantic American Co. (NASDAQ:AAME) Short Interest Down 95.0% in November

Atlantic American Co. (NASDAQ:AAME) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 2,100 shares, a drop of 95.0% from the October 31st total of 41,800 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 5,300 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Atlantic American in a research note on Tuesday. They issued a “hold” rating on the stock.

Atlantic American Stock Up 2.0 %

Atlantic American stock traded up $0.03 during trading hours on Wednesday, reaching $1.56. 7,699 shares of the company’s stock were exchanged, compared to its average volume of 5,871. The firm’s 50 day simple moving average is $1.64 and its 200 day simple moving average is $1.64. Atlantic American has a twelve month low of $1.26 and a twelve month high of $3.00. The firm has a market capitalization of $31.82 million, a PE ratio of -4.46 and a beta of 0.46.

Hedge Funds Weigh In On Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar boosted its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the period. Atlantic American makes up approximately 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest position. 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.