Short Interest in ICC Holdings, Inc. (NASDAQ:ICCH) Increases By 23.5%

ICC Holdings, Inc. (NASDAQ:ICCH) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 2,100 shares, an increase of 23.5% from the September 30th total of 1,700 shares. Based on an average daily volume of 3,700 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

ICC Stock Performance

ICCH traded up $0.31 during trading hours on Wednesday, hitting $23.30. The company’s stock had a trading volume of 7 shares, compared to its average volume of 10,297. The company has a 50-day simple moving average of $22.98 and a 200 day simple moving average of $20.84. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $73.23 million, a PE ratio of 13.55 and a beta of 0.32. ICC has a fifty-two week low of $14.78 and a fifty-two week high of $23.39.

ICC (NASDAQ:ICCH) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.25) earnings per share for the quarter. The company had revenue of $22.18 million during the quarter. ICC had a return on equity of 5.78% and a net margin of 4.31%.

Institutional Trading of ICC

A number of hedge funds and other institutional investors have recently modified their holdings of ICCH. Gardner Lewis Asset Management L P acquired a new stake in ICC during the 2nd quarter worth about $2,594,000. Gabelli Funds LLC acquired a new stake in shares of ICC during the second quarter valued at approximately $1,149,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of ICC during the second quarter valued at approximately $679,000. Finally, Bank of Montreal Can purchased a new stake in shares of ICC in the 2nd quarter valued at approximately $532,000. Institutional investors own 46.50% of the company’s stock.

ICC Company Profile

ICC Holdings, Inc, together with its subsidiaries, provides property and casualty insurance products to the food and beverage industry in the United States. It offers commercial multi-peril, liquor liability, workers' compensation, and umbrella liability insurance products. The company markets its products through independent agents in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, Utah, and Wisconsin.