Atlantic American Corporation (NASDAQ:AAME) Short Interest Up 72.0% in February

Atlantic American Corporation (NASDAQ:AAME) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 5,141 shares, a growth of 72.0% from the January 29th total of 2,989 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 9,904 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 9,904 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Atlantic American

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Atlantic American by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 4,368 shares during the period. Citadel Advisors LLC purchased a new position in Atlantic American during the 3rd quarter valued at approximately $81,000. Finally, Teton Advisors LLC bought a new stake in Atlantic American in the 3rd quarter worth approximately $55,000. 5.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Atlantic American in a research note on Wednesday, December 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Atlantic American Trading Down 2.6%

Shares of NASDAQ AAME opened at $2.62 on Monday. The firm has a fifty day simple moving average of $2.77 and a two-hundred day simple moving average of $2.88. Atlantic American has a 12 month low of $1.25 and a 12 month high of $3.71. The firm has a market capitalization of $53.44 million, a PE ratio of 11.91 and a beta of 0.80.

About Atlantic American

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.