Atlantic American Co. (NASDAQ:AAME) Short Interest Up 5,062.5% in December

Atlantic American Co. (NASDAQ:AAME) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 41,300 shares, a growth of 5,062.5% from the December 15th total of 800 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 4,700 shares, the short-interest ratio is currently 8.8 days.

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar increased its holdings 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 (SEC). The institutional investor owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the period. Atlantic American makes up 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 as of its most recent SEC filing. 5.48% of the stock is currently owned by institutional investors and hedge funds.

Atlantic American Stock Up 3.0 %

NASDAQ AAME opened at $1.53 on Tuesday. The firm has a market capitalization of $31.21 million, a PE ratio of -4.37 and a beta of 0.45. The stock’s 50 day moving average is $1.55 and its 200 day moving average is $1.59. Atlantic American has a twelve month low of $1.26 and a twelve month high of $3.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Atlantic American in a research report on Monday. They set a “hold” rating on the 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.