Atlantic American Co. (NASDAQ:AAME) Short Interest Up 5,062.5% in December

Atlantic American Co. (NASDAQ:AAME) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 41,300 shares, an increase of 5,062.5% from the December 15th total of 800 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 4,700 shares, the short-interest ratio is currently 8.8 days.

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar raised its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the period. Atlantic American comprises approximately 0.7% of Biglari Sardar’s holdings, making the stock its 10th largest holding. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Institutional investors own 5.48% of the company’s stock.

Analyst Ratings Changes

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

Atlantic American Stock Up 0.7 %

Shares of NASDAQ:AAME opened at $1.54 on Wednesday. The firm has a market cap of $31.42 million, a P/E ratio of -4.40 and a beta of 0.45. Atlantic American has a 12 month low of $1.26 and a 12 month high of $3.00. The company’s 50-day moving average price is $1.55 and its two-hundred day moving average price is $1.59.

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.