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

Atlantic American Co. (NASDAQ:AAME) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 2,100 shares, a decline of 95.0% from the October 31st total of 41,800 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 5,300 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar grew its stake in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 holdings, making the stock its 10th biggest position. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Atlantic American Stock Performance

Shares of NASDAQ AAME opened at $1.56 on Thursday. The stock has a market cap of $31.82 million, a price-to-earnings ratio of -4.46 and a beta of 0.46. The business has a 50 day simple moving average of $1.64 and a 200 day simple moving average of $1.64. Atlantic American has a 52 week low of $1.26 and a 52 week high of $3.00.

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.