Ames National Co. (NASDAQ:ATLO) Short Interest Update

Ames National Co. (NASDAQ:ATLO) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 69,200 shares, a growth of 17.9% from the October 15th total of 58,700 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 16,200 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Trading of Ames National

A number of large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in shares of Ames National by 75.7% during the 1st quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 1,832 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Ames National by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider’s stock worth $763,000 after purchasing an additional 1,737 shares in the last quarter. Choreo LLC purchased a new position in shares of Ames National in the second quarter worth about $807,000. State Street Corp raised its position in shares of Ames National by 0.9% in the third quarter. State Street Corp now owns 123,550 shares of the financial services provider’s stock valued at $2,252,000 after purchasing an additional 1,069 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Ames National by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock valued at $9,886,000 after buying an additional 2,965 shares in the last quarter. 26.47% of the stock is owned by hedge funds and other institutional investors.

Ames National Stock Performance

ATLO stock traded down $0.02 during mid-day trading on Friday, hitting $18.18. The company had a trading volume of 19,284 shares, compared to its average volume of 14,542. The firm has a market cap of $163.44 million, a PE ratio of 17.01 and a beta of 0.56. Ames National has a 12 month low of $15.69 and a 12 month high of $22.50. The stock’s fifty day moving average price is $17.87 and its two-hundred day moving average price is $19.19.

About Ames National

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north central, and south-central Iowa. The company accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.