Atlantic American Co. (NASDAQ:AAME) Short Interest Update

Atlantic American Co. (NASDAQ:AAME) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 41,000 shares, an increase of 1,852.4% from the November 15th total of 2,100 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is presently 7.6 days. Approximately 1.1% of the shares of the company are sold short.

Atlantic American Stock Performance

AAME stock opened at $1.53 on Friday. Atlantic American has a 52 week low of $1.26 and a 52 week high of $3.00. The company has a market capitalization of $31.21 million, a PE ratio of -4.37 and a beta of 0.47. The company’s 50-day simple moving average is $1.62 and its 200 day simple moving average is $1.63.

Institutional Trading of Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar raised its holdings in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the period. Atlantic American comprises 0.7% of Biglari Sardar’s holdings, making the stock its 10th biggest holding. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. 5.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Atlantic American in a research note on Thursday. They set a “hold” rating on the stock.

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.