Ames National Corporation (NASDAQ:ATLO) Sees Large Increase in Short Interest

Ames National Corporation (NASDAQ:ATLO - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 98,600 shares, an increase of 37.7% from the May 15th total of 71,600 shares. Based on an average daily trading volume, of 12,700 shares, the days-to-cover ratio is presently 7.8 days. Currently, 1.1% of the shares of the stock are short sold.

Ames National Trading Down 0.6%

Ames National stock traded down $0.10 during midday trading on Friday, reaching $17.17. The company's stock had a trading volume of 26,240 shares, compared to its average volume of 16,739. The business has a 50-day moving average price of $17.41 and a 200-day moving average price of $17.47. The stock has a market cap of $153.16 million, a PE ratio of 13.52 and a beta of 0.48. Ames National has a 52 week low of $15.69 and a 52 week high of $22.03.

Ames National (NASDAQ:ATLO - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.39 EPS for the quarter. The business had revenue of $15.46 million for the quarter. Ames National had a return on equity of 6.41% and a net margin of 12.10%.

Institutional Trading of Ames National

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of Ames National by 1,587.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,738 shares of the financial services provider's stock valued at $30,000 after buying an additional 1,635 shares during the period. Clarity Asset Management Inc. boosted its holdings in shares of Ames National by 162.7% in the 4th quarter. Clarity Asset Management Inc. now owns 4,878 shares of the financial services provider's stock worth $80,000 after purchasing an additional 3,021 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Ames National by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,161 shares of the financial services provider's stock worth $85,000 after acquiring an additional 1,124 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Ames National by 270.0% during the fourth quarter. BNP Paribas Financial Markets now owns 7,133 shares of the financial services provider's stock valued at $117,000 after buying an additional 5,205 shares during the period. Finally, Bank of America Corp DE grew its position in Ames National by 30.7% during the 4th quarter. Bank of America Corp DE now owns 11,392 shares of the financial services provider's stock worth $187,000 after acquiring an additional 2,679 shares during the last quarter. 26.47% of the stock is owned by hedge funds and other institutional investors.

About Ames National

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north central, and south-central Iowa. The company accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.