Short Interest Coverage: What’s Ames National Corporation (NASDAQ:ATLO) Upside After This Short Interest Decrease?

November 24, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Coverage: What's Ames National Corporation (NASDAQ:ATLO) Upside After This Short Interest Decrease?

The stock of Ames National Corporation (NASDAQ:ATLO) registered a decrease of 1.2% in short interest. ATLO’s total short interest was 140,500 shares in November as published by FINRA. Its down 1.2% from 142,200 shares, reported previously. With 4,100 shares average volume, it will take short sellers 34 days to cover their ATLO’s short positions. The short interest to Ames National Corporation’s float is 1.54%. The stock closed at $31 during the last session. It is down 20.95% since April 22, 2016 and is uptrending. It has outperformed by 15.54% the S&P500.

Ames National Corporation is a bank holding firm for five community banks. The company has a market cap of $290.04 million. The Firm operates through banking segment. It has a 18.47 P/E ratio. The Firm owns approximately 100% of the stock of over five banking subsidiaries consisting of approximately two national banks and over three state-chartered banks.

Insitutional Activity: The institutional sentiment increased to 1.5 in 2016 Q2. Its up 0.50, from 1 in 2016Q1. The ratio increased, as 0 funds sold all Ames National Corporation shares owned while 14 reduced positions. 4 funds bought stakes while 10 increased positions. They now own 1.36 million shares or 36.48% less from 2.14 million shares in 2016Q1.
Teachers accumulated 0% or 13,058 shares. Metropolitan Life Insur Ny holds 7,023 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa last reported 333 shares in the company. Moreover, Nationwide Fund Advisors has 0% invested in Ames National Corporation (NASDAQ:ATLO) for 5,855 shares. Moreover, Bancorporation Of America De has 0% invested in Ames National Corporation (NASDAQ:ATLO) for 509 shares. California State Teachers Retirement System has 17,962 shares for 0% of their US portfolio. Blackrock Institutional Na owns 209,220 shares or 0% of their US portfolio. Price T Rowe Assocs Incorporated Md holds 0% of its portfolio in Ames National Corporation (NASDAQ:ATLO) for 10,320 shares. Maltese Cap Mgmt Limited Liability Com holds 10,000 shares or 0.03% of its portfolio. Jpmorgan Chase Co last reported 112 shares in the company. State Street Corp has 0% invested in the company for 129,960 shares. California Employees Retirement owns 22,400 shares or 0% of their US portfolio. Rhumbline Advisers accumulated 0% or 12,154 shares. Pnc Financial Services Gru, a Pennsylvania-based fund reported 85 shares. Renaissance Technologies Ltd Liability Corp owns 61,300 shares or 0% of their US portfolio.

Insider Transactions: Since September 7, 2016, the stock had 2 buys, and 0 sales for $8,113 net activity. 208 shares were bought by Eslinger Lisa M, worth $5,383 on Monday, September 12. The insider MCGILL STEPHEN C bought $2,730.

ATLO Company Profile

Ames National Corporation, incorporated on January 15, 1975, is a bank holding firm for five community banks. The Firm operates through banking segment. The Firm owns approximately 100% of the stock of over five banking subsidiaries consisting of approximately two national banks and over three state-chartered banks. All of the Company’s activities are conducted in the State of Iowa and primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk and Story where the Company’s banking subsidiaries are located. The Banks offer a range of deposit services, including checking accounts, savings accounts and time deposits of various types, ranging from money market accounts to longer-term certificates of deposit. The Banks also offer retirement accounts, such as individual retirement accounts (IRAs). The Banks provide financial products, such as Internet banking and trust services for clients and communities. The Banks offer all basic types of credit to their local communities and surrounding rural areas, including commercial, agricultural and consumer loans.

Another recent and important Ames National Corporation (NASDAQ:ATLO) news was published by Nasdaq.com which published an article titled: “Ames National Corporation (ATLO) Ex-Dividend Date Scheduled for October 28, 2016” on October 27, 2016.

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By Winifred Garcia

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