Short Interest in Atlantic American Co. (NASDAQ:AAME) Drops By 98.0%

Atlantic American Co. (NASDAQ:AAME) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 800 shares, a decrease of 98.0% from the November 30th total of 41,000 shares. Based on an average trading volume of 5,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Atlantic American Stock Down 0.8 %

Shares of AAME stock traded down $0.00 on Friday, reaching $1.48. The company’s stock had a trading volume of 270 shares, compared to its average volume of 5,655. The company has a market capitalization of $30.28 million, a P/E ratio of -4.24 and a beta of 0.47. The stock’s 50 day simple moving average is $1.59 and its 200-day simple moving average is $1.61. Atlantic American has a 12-month low of $1.26 and a 12-month high of $3.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar boosted its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American makes up approximately 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th largest holding. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Institutional investors own 5.48% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Atlantic American in a report on Friday, December 20th. They issued a “hold” rating for the company.

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.