Short Interest in Atlantic American Corporation (NASDAQ:AAME) Increases By 401.7%

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 large increase in short interest in the month of August. As of August 31st, there was short interest totaling 29,100 shares, an increase of 401.7% from the August 15th total of 5,800 shares. Based on an average trading volume of 30,900 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the shares of the stock are sold short. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 30,900 shares, the short-interest ratio is currently 0.9 days.

Atlantic American Stock Down 1.2%

Shares of NASDAQ AAME traded down $0.04 during trading on Wednesday, hitting $3.35. 17,346 shares of the company traded hands, compared to its average volume of 17,851. Atlantic American has a 1 year low of $1.25 and a 1 year high of $3.71. The company has a 50-day moving average price of $2.74 and a 200-day moving average price of $2.04. The firm has a market capitalization of $68.34 million, a P/E ratio of 34.15 and a beta of 0.76.

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

Analyst Upgrades and Downgrades

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

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.