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

Atlantic American Co. (NASDAQ:AAME) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 16,700 shares, an increase of 12.1% from the February 29th total of 14,900 shares. Based on an average daily trading volume, of 7,600 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.4% of the company’s stock are short sold.

Atlantic American Stock Performance

Shares of AAME stock opened at $2.58 on Wednesday. The stock’s 50-day simple moving average is $2.66 and its 200-day simple moving average is $2.23. The firm has a market capitalization of $52.63 million, a PE ratio of 19.85 and a beta of 0.32. Atlantic American has a fifty-two week low of $1.49 and a fifty-two week high of $3.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Atlantic American in a research note on Sunday. They issued a “hold” rating for the company.

Institutional Trading of Atlantic American

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Biglari Sardar grew its holdings in Atlantic American by 321.9% in the second quarter. Biglari Sardar now owns 119,171 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 90,922 shares during the period. BlackRock Inc. grew its holdings in Atlantic American by 62.1% in the second quarter. BlackRock Inc. now owns 44,945 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 17,212 shares during the period. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Atlantic American in the fourth quarter valued at approximately $43,000. Finally, Independent Advisor Alliance acquired a new stake in Atlantic American in the fourth quarter valued at approximately $32,000. 5.48% of the stock is owned by institutional investors and hedge funds.

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 business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.