Atlantic American Co. (NASDAQ:AAME) Short Interest Down 79.3% in June

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Atlantic American Co. (NASDAQ:AAMEGet Rating) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 14,300 shares, a drop of 79.3% from the May 31st total of 69,200 shares. Based on an average trading volume of 9,700 shares, the short-interest ratio is currently 1.5 days. Approximately 0.4% of the shares of the company are sold short.

Shares of AAME stock opened at $2.70 on Wednesday. The company has a market capitalization of $55.09 million, a price-to-earnings ratio of 7.94 and a beta of 0.17. Atlantic American has a one year low of $2.12 and a one year high of $5.70. The company’s fifty day moving average price is $2.93 and its 200-day moving average price is $2.85.

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Atlantic American (NASDAQ:AAMEGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The financial services provider reported $0.07 EPS for the quarter. The firm had revenue of $51.61 million for the quarter. Atlantic American had a net margin of 3.74% and a return on equity of 2.16%.

In other Atlantic American news, insider Harriett J. Robinson purchased 1,363,809 shares of the firm’s stock in a transaction on Thursday, March 31st. The shares were acquired at an average cost of $4.00 per share, for a total transaction of $5,455,236.00. Following the completion of the transaction, the insider now owns 830,259 shares of the company’s stock, valued at $3,321,036. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 80.01% of the stock is currently owned by company insiders.

Separately, StockNews.com began coverage on shares of Atlantic American in a research report on Wednesday, June 22nd. They set a “hold” rating on the stock.

Atlantic American Company Profile (Get Rating)

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. The company operates through American Southern and Bankers Fidelity segments. It offers property and casualty insurance products, including business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.

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