Atlantic American Corporation (NASDAQ:AAME) Short Interest Down 62.7% in July

Key Points

• Atlantic American Corporation experienced a significant decrease in short interest, dropping 62.7% in July, with total short shares falling from 32,200 to 12,000.
• The company has a market capitalization of $62.82 million and reported earnings of $0.07 per share for the last quarter.
• Analysts have assigned a "hold" rating for Atlantic American, reflecting cautious sentiment towards the stock's performance.

Atlantic American Corporation (NASDAQ:AAME - Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 12,000 shares, adropof62.7% from the July 15th total of 32,200 shares. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is presently 0.8 days. Currently,0.3% of the shares of the company are short sold. Currently,0.3% of the shares of the company are short sold. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of Atlantic American in a research note on Wednesday, May 21st. They issued a "hold" rating on the stock.

Atlantic American Price Performance

Shares of NASDAQ AAME traded down $0.08 during mid-day trading on Wednesday, reaching $3.45. 75,571 shares of the company traded hands, compared to its average volume of 35,709. Atlantic American has a fifty-two week low of $1.25 and a fifty-two week high of $3.66. The firm has a market cap of $70.38 million, a PE ratio of 34.50 and a beta of 0.74. The stock has a fifty day simple moving average of $2.26 and a 200-day simple moving average of $1.81.

Atlantic American (NASDAQ:AAME - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The financial services provider reported $0.07 EPS for the quarter. Atlantic American had a net margin of 1.27% and a return on equity of 0.38%.

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.