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

Atlantic American Co. (NASDAQ:AAME) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 900 shares, a drop of 18.2% from the May 31st total of 1,100 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 6,000 shares, the short-interest ratio is presently 0.2 days.

Atlantic American Price Performance

Shares of NASDAQ AAME opened at $1.69 on Tuesday. Atlantic American has a 1 year low of $1.49 and a 1 year high of $3.00. The stock has a market cap of $34.53 million, a P/E ratio of -33.85 and a beta of 0.42. The firm has a 50-day moving average of $1.77 and a 200 day moving average of $2.24.

Atlantic American (NASDAQ:AAME) last issued its earnings results on Tuesday, May 14th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $47.00 million during the quarter. Atlantic American had a negative return on equity of 3.18% and a negative net margin of 0.39%.

Institutional Trading of Atlantic American

A hedge fund recently bought a new stake in Atlantic American stock. Independent Advisor Alliance bought a new stake in shares of Atlantic American Co. (NASDAQ:AAME) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,101 shares of the financial services provider’s stock, valued at approximately $32,000. Independent Advisor Alliance owned 0.06% of Atlantic American at the end of the most recent quarter. 5.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Atlantic American in a research report on Thursday, June 27th. They set a “hold” rating for the company.

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.