Atlantic American Corporation (NASDAQ:AAME) Short Interest Update

Atlantic American Corporation (NASDAQ:AAME) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 5,141 shares, an increase of 72.0% from the January 29th total of 2,989 shares. Based on an average daily trading volume, of 9,904 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 9,904 shares, the days-to-cover ratio is presently 0.5 days.

Atlantic American Stock Down 2.6%

Shares of AAME stock opened at $2.62 on Friday. The firm has a 50 day moving average of $2.77 and a two-hundred day moving average of $2.87. The stock has a market capitalization of $53.45 million, a PE ratio of 11.91 and a beta of 0.80. Atlantic American has a 52 week low of $1.25 and a 52 week high of $3.71.

Institutional Investors Weigh In On Atlantic American

A number of hedge funds have recently bought and sold shares of the stock. Teton Advisors LLC purchased a new position in Atlantic American in the third quarter valued at approximately $55,000. Citadel Advisors LLC acquired a new position in shares of Atlantic American in the 3rd quarter valued at $81,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Atlantic American by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider’s stock valued at $131,000 after buying an additional 4,368 shares in the last quarter. Institutional investors and hedge funds own 5.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Atlantic American in a report on Wednesday, December 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Atlantic American

Atlantic American Corporation is a Florida-based holding company that engages in the insurance business through its wholly owned subsidiaries. The company’s operations are organized into four principal segments: Life Insurance, Accident and Health Insurance, Property and Casualty Insurance, and Risk Retention Group. Through these lines of business, Atlantic American provides a range of insurance products and services to individuals, businesses and affinity groups across the United States.

In its Life Insurance segment, Atlantic American offers traditional whole life and universal life policies, emphasizing guaranteed death benefits and cash value accumulation.