Atlantic American Co. (NASDAQ:AAME) Short Interest Down 98.0% in December

Atlantic American Co. (NASDAQ:AAME) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 800 shares, a decline of 98.0% from the November 30th total of 41,000 shares. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Atlantic American Stock Performance

Shares of AAME traded down $0.00 during mid-day trading on Friday, hitting $1.48. 270 shares of the company were exchanged, compared to its average volume of 5,655. The stock has a market cap of $30.28 million, a price-to-earnings ratio of -4.24 and a beta of 0.47. Atlantic American has a 1-year low of $1.26 and a 1-year high of $3.00. The company has a 50 day moving average of $1.59 and a 200-day moving average of $1.61.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar increased its stake in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the quarter. Atlantic American comprises 0.7% of Biglari Sardar’s holdings, making the stock its 10th largest position. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 as of its most recent filing with the SEC. Institutional investors own 5.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Atlantic American in a research report on Friday, December 20th. They set a “hold” rating on the 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.