Atlantic American Co. (NASDAQ:AAME) Sees Significant Drop in Short Interest

Atlantic American Co. (NASDAQ:AAME) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 800 shares, a decline of 98.0% from the November 30th total of 41,000 shares. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Atlantic American Stock Performance

Shares of AAME traded down $0.05 during trading hours on Thursday, reaching $1.46. 211 shares of the company traded hands, compared to its average volume of 5,673. Atlantic American has a 1-year low of $1.26 and a 1-year high of $3.00. The stock has a market cap of $29.78 million, a P/E ratio of -4.17 and a beta of 0.47. The stock’s fifty day moving average is $1.59 and its 200 day moving average is $1.62.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Atlantic American in a research note on Friday, December 20th. They set a “hold” rating for the company.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar grew its holdings in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the quarter. Atlantic American accounts for approximately 0.7% of Biglari Sardar’s holdings, making the stock its 10th biggest holding. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.