Atlantic American Corporation (NASDAQ:AAME) Short Interest Update

Key Points

• Atlantic American Corporation's short interest surged by 401.7% in August, reaching 29,100 shares, while accounting for approximately 0.8% of total shares.
• The company reported $0.07 earnings per share for the last quarter, with a net margin of 1.27% and a return on equity of 0.38%.
• As of the latest trading session, shares of Atlantic American opened at $3.26, with a 52-week range from $1.25 to $3.71.

Atlantic American Corporation (NASDAQ:AAME - Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 29,100 shares, a growth of 401.7% from the August 15th total of 5,800 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 30,900 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 30,900 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.8% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

Atlantic American Stock Up 0.6%

Shares of NASDAQ AAME opened at $3.26 on Friday. Atlantic American has a fifty-two week low of $1.25 and a fifty-two week high of $3.71. The firm's 50-day simple moving average is $2.67 and its 200 day simple moving average is $2.00. The stock has a market cap of $66.50 million, a P/E ratio of 32.60 and a beta of 0.76.

Atlantic American (NASDAQ:AAME - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The financial services provider reported $0.07 earnings per share 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.

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