Atlantic American Corporation (NASDAQ:AAME) Short Interest Update

Key Points

• Short interest surged 46.9% in April to 8,264 shares, equal to 0.2% of the float and a low 0.6 days-to-cover based on average daily volume of 14,244 shares.
• Institutional ownership is modest at 5.54%, though Teton Advisors and Citadel initiated small stakes and Geode Capital increased its position to 46,273 shares (up 10.4%).
• Shares trade near $2.50 with a $51 million market cap, a P/E of 11.36, 50-/200-day moving averages of $2.57/$2.68, and a one-year range of $1.42–$3.71.

Atlantic American Corporation (NASDAQ:AAME - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 8,264 shares, a growth of 46.9% from the March 31st total of 5,625 shares. Currently, 0.2% of the company's shares are short sold. Based on an average daily volume of 14,244 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AAME. Teton Advisors LLC bought a new stake in Atlantic American in the 3rd quarter valued at about $55,000. Citadel Advisors LLC bought a new stake in Atlantic American in the 3rd quarter valued at about $81,000. Finally, Geode Capital Management LLC increased its position in Atlantic American by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider's stock valued at $131,000 after buying an additional 4,368 shares in the last quarter. 5.54% of the stock is owned by institutional investors and hedge funds.

Atlantic American Price Performance

Shares of NASDAQ:AAME opened at $2.50 on Tuesday. The company has a market capitalization of $51 million, a price-to-earnings ratio of 11.36 and a beta of 0.79. The business's 50-day moving average is $2.57 and its 200-day moving average is $2.68. Atlantic American has a 1 year low of $1.42 and a 1 year high of $3.71.

Atlantic American Company Profile

Atlantic American Corporation is a Florida-based holding company that engages in the insurance business through its wholly owned subsidiaries. The company's operations are organized into four principal segments: Life Insurance, Accident and Health Insurance, Property and Casualty Insurance, and Risk Retention Group. Through these lines of business, Atlantic American provides a range of insurance products and services to individuals, businesses and affinity groups across the United States.

In its Life Insurance segment, Atlantic American offers traditional whole life and universal life policies, emphasizing guaranteed death benefits and cash value accumulation.

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