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

Atlantic American Co. (NASDAQ:AAME) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 41,800 shares, a decline of 6.7% from the October 15th total of 44,800 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is currently 8.9 days. Approximately 1.1% of the shares of the company are short sold.

Atlantic American Stock Down 5.9 %

AAME opened at $1.60 on Wednesday. The business has a fifty day simple moving average of $1.65 and a 200-day simple moving average of $1.65. The firm has a market cap of $32.64 million, a PE ratio of -4.57 and a beta of 0.46. Atlantic American has a fifty-two week low of $1.43 and a fifty-two week high of $3.00.

Hedge Funds Weigh In On 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% in the third quarter, according to 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 quarter. Atlantic American comprises approximately 0.7% of Biglari Sardar’s holdings, making the stock its 10th largest position. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. Institutional investors own 5.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of 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.