Atlantic American Co. (NASDAQ:AAME) Sees Large Growth in Short Interest

Atlantic American Co. (NASDAQ:AAME) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 41,300 shares, a growth of 5,062.5% from the December 31st total of 800 shares. Currently, 1.1% of the shares of the company 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 grew its stake in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the period. Atlantic American accounts for 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest holding. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 5.48% of the company’s stock.

Atlantic American Stock Down 2.7 %

NASDAQ:AAME traded down $0.05 on Tuesday, hitting $1.61. The stock had a trading volume of 5,253 shares, compared to its average volume of 6,354. Atlantic American has a 52-week low of $1.26 and a 52-week high of $3.00. The stock has a market cap of $32.74 million, a price-to-earnings ratio of -4.59 and a beta of 0.45. The business’s 50-day simple moving average is $1.52 and its two-hundred day simple moving average is $1.59.

Atlantic American (NASDAQ:AAME) last announced its earnings results on Tuesday, November 12th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $44.52 million for the quarter. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Atlantic American in a research report on Tuesday, January 21st. They issued a “hold” rating for the company.

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.