Atlantic American Co. (NASDAQ:AAME – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 41,400 shares, an increase of 639.3% from the August 15th total of 5,600 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is presently 10.4 days. Approximately 1.1% of the company’s shares are short sold.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on Atlantic American in a research note on Saturday, September 7th. They set a “hold” rating for the company.
View Our Latest Research Report on Atlantic American
Institutional Investors Weigh In On Atlantic American
Atlantic American Stock Down 4.6 %
AAME stock opened at $1.66 on Friday. The business has a fifty day moving average of $1.59 and a two-hundred day moving average of $1.91. The stock has a market cap of $33.87 million, a price-to-earnings ratio of -33.20 and a beta of 0.44. Atlantic American has a 52-week low of $1.49 and a 52-week high of $3.00.
Atlantic American (NASDAQ:AAME – Get Free Report) last posted its earnings results on Wednesday, August 14th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $47.67 million for the quarter. Atlantic American had a negative return on equity of 5.89% and a negative net margin of 1.69%.
Atlantic American Company Profile
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.
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