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

Atlantic American Co. (NASDAQ:AAME) was the target of a significant 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. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar boosted its position in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American accounts for approximately 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th biggest holding. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.48% of the company’s stock.

Atlantic American Trading Up 2.0 %

NASDAQ AAME opened at $1.56 on Friday. The firm’s fifty day moving average price is $1.64 and its two-hundred day moving average price is $1.64. Atlantic American has a 1 year low of $1.26 and a 1 year high of $3.00. The firm has a market capitalization of $31.82 million, a P/E ratio of -4.46 and a beta of 0.46.

About Atlantic American

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.