Short Interest in ICC Holdings, Inc. (NASDAQ:ICCH) Drops By 9.5%

ICC Holdings, Inc. (NASDAQ:ICCH) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,900 shares, a drop of 9.5% from the November 15th total of 2,100 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are short sold.

ICC Price Performance

Shares of NASDAQ:ICCH opened at $23.30 on Friday. ICC has a 12-month low of $14.78 and a 12-month high of $23.39. The stock’s 50-day moving average price is $23.10 and its two-hundred day moving average price is $22.46. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.21. The firm has a market cap of $73.16 million, a price-to-earnings ratio of 10.50 and a beta of 0.32.

Institutional Investors Weigh In On ICC

A number of institutional investors have recently bought and sold shares of the stock. Oddo BHF Asset Management Sas purchased a new stake in ICC during the 3rd quarter worth $3,497,000. Gardner Lewis Asset Management L P acquired a new stake in shares of ICC in the second quarter valued at approximately $2,594,000. Gabelli Funds LLC acquired a new stake in ICC in the 2nd quarter valued at approximately $1,149,000. Skandinaviska Enskilda Banken AB publ bought a new stake in ICC in the second quarter worth about $679,000. Finally, Bank of Montreal Can acquired a new stake in ICC during the second quarter valued at approximately $532,000. 46.50% of the stock is currently owned by hedge funds and other 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.