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) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 12,000 shares, adropof62.7% from the July 15th total of 32,200 shares. Approximately0.3% of the company's stock are sold short. Based on an average daily trading volume, of 15,300 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 15,300 shares, the days-to-cover ratio is currently 0.8 days. Approximately0.3% of the company's stock are sold short.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on Atlantic American in a research report on Wednesday, May 21st. They set a "hold" rating for the company.

Atlantic American Price Performance

Atlantic American stock opened at $3.08 on Friday. Atlantic American has a one year low of $1.25 and a one year high of $3.37. The stock's fifty day moving average price is $2.16 and its two-hundred day moving average price is $1.78. The firm has a market cap of $62.82 million, a PE ratio of 30.80 and a beta of 0.74.

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

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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