Atlantic American Corporation (NASDAQ:AAME) Stock Short Interest Report for October

Atlantic American Corporation (NASDAQ:AAME) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 62,902 shares, an increase of 148.5% from the October 15th total of 25,310 shares. Based on an average daily trading volume, of 4,531,250 shares, the short-interest ratio is currently 0.0 days. Currently, 0.7% of the shares of the company are short sold.

Atlantic American Stock Up 3.4%

Shares of NASDAQ AAME traded up $0.04 during mid-day trading on Friday, reaching $1.23. 11,310 shares of the company were exchanged, compared to its average volume of 265,471. The company’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.91. The stock has a market capitalization of $25.09 million, a P/E ratio of 4.73 and a beta of 0.87. Atlantic American has a twelve month low of $1.01 and a twelve month high of $3.22.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Atlantic American stock. BlackRock Inc. purchased a new stake in Atlantic American Corporation (NASDAQ:AAME) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 107,440 shares of the financial services provider’s stock, valued at approximately $179,000. BlackRock Inc. owned 0.53% of Atlantic American as of its most recent SEC filing. Institutional investors and hedge funds own 5.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Atlantic American from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, November 3rd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.

Atlantic American Company Profile

Atlantic American Corporation (NASDAQ:AAME) is an insurance holding company headquartered in Atlanta, Georgia. Through its subsidiaries, the company provides property and casualty insurance, life insurance and supplemental health insurance products to individuals, businesses and organizations. Its property and casualty operations, conducted primarily through American Southern Insurance Company and related affiliates, offer products that may include commercial automobile, general liability, workers’ compensation, surety and other specialty insurance coverages.