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

Atlantic American Co. (NASDAQ:AAME) saw a significant increase in short interest during 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. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 5,400 shares, the short-interest ratio is presently 7.6 days.

Wall Street Analyst Weigh In

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

Atlantic American Stock Performance

Shares of NASDAQ:AAME 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 firm has a market cap of $31.21 million, a PE ratio of -4.37 and a beta of 0.47. The firm’s fifty day moving average is $1.62 and its 200-day moving average is $1.63.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar grew its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American makes up about 0.7% of Biglari Sardar’s portfolio, making the stock its 10th largest position. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.48% of the company’s 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.