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

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Atlantic American from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, November 3rd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Atlantic American Price Performance

AAME stock traded up $0.04 during trading hours on Friday, reaching $1.23. The stock had a trading volume of 11,310 shares, compared to its average volume of 265,471. The stock has a market capitalization of $25.09 million, a PE ratio of 4.73 and a beta of 0.87. The stock has a 50-day simple moving average of $1.26 and a 200 day simple moving average of $1.91. Atlantic American has a fifty-two week low of $1.01 and a fifty-two week high of $3.22.

Institutional Investors Weigh In On Atlantic American

A hedge fund recently bought a new position in Atlantic American stock. BlackRock Inc. purchased a new position in shares of Atlantic American Corporation (NASDAQ:AAME) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission. Institutional investors own 5.54% of the company’s stock.

About Atlantic American

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.