What Will Happen to Ames National Corporation (NASDAQ:ATLO) Next? The Stock Has Increase in Shorts

November 10, 2018 - By Richard Conner

Investors sentiment increased to 1.77 in Q2 2018. Its up 0.88, from 0.89 in 2018Q1. It improved, as 1 investors sold Ames National Corporation shares while 12 reduced holdings. 6 funds opened positions while 17 raised stakes. 2.21 million shares or 3.27% more from 2.14 million shares in 2018Q1 were reported.
Fincl Bank Of America De holds 0% or 1,929 shares in its portfolio. Tower Research Cap Ltd Liability Corp (Trc) owns 101 shares. Alliancebernstein Lp owns 15,410 shares or 0% of their US portfolio. Bnp Paribas Arbitrage accumulated 290 shares. Great West Life Assurance Can holds 84 shares or 0% of its portfolio. Wells Fargo Mn has 0% invested in Ames National Corporation (NASDAQ:ATLO) for 13,086 shares. The New York-based Renaissance Technology Ltd Liability has invested 0% in Ames National Corporation (NASDAQ:ATLO). Us Savings Bank De accumulated 14,499 shares or 0% of the stock. Price T Rowe Md invested in 10,250 shares. Jpmorgan Chase & has 1,750 shares for 0% of their portfolio. Amer Group Inc Incorporated has 0% invested in Ames National Corporation (NASDAQ:ATLO) for 5,611 shares. Morgan Dempsey Mgmt Lc invested in 26,211 shares or 0.32% of the stock. National Bank Of New York Mellon invested in 0% or 52,160 shares. 150,191 are held by State Street. Vanguard Gp has invested 0% of its portfolio in Ames National Corporation (NASDAQ:ATLO).

Since September 12, 2018, it had 8 buys, and 0 selling transactions for $133,260 activity. Another trade for 75 shares valued at $2,096 was bought by Bauer Scott T. $9,824 worth of Ames National Corporation (NASDAQ:ATLO) was bought by Benson David W. on Wednesday, September 12. Shares for $27,250 were bought by Hoff Curtis A on Friday, September 14. The insider LARSON JAMES R II bought 1,000 shares worth $27,645. Parker Richard O also bought $27,750 worth of Ames National Corporation (NASDAQ:ATLO) on Thursday, September 13.

The stock of Ames National Corporation (NASDAQ:ATLO) registered an increase of 8.75% in short interest. ATLO’s total short interest was 65,900 shares in November as published by FINRA. Its up 8.75% from 60,600 shares, reported previously. With 4,000 shares average volume, it will take short sellers 17 days to cover their ATLO’s short positions. The short interest to Ames National Corporation’s float is 0.72%.

It closed at $27.01 lastly. It is down 2.33% since November 10, 2017 and is downtrending. It has underperformed by 17.95% the S&P500.

Ames National Corporation operates as a multi-bank holding firm that provides banking services primarily in the central and north central Iowa counties of Boone, Hancock, Marshall, Polk, and Story. The company has market cap of $251.49 million. The firm offers a range of deposits, including checking accounts, savings accounts, time deposits, money market accounts, demand deposits, and certificates of deposit; and loans, such as short-term and medium-term commercial and agricultural real estate loans, residential real estate loans, equipment loans, vehicle loans, personal loans and lines of credit, home improvement loans, and mortgage loans for sale into the secondary market, as well as agricultural and business operating loans and lines of credit. It has a 16.16 P/E ratio. It also provides cash management, merchant credit card processing, safe deposit box and wire transfer, direct deposit of payroll and social security checks, and automated/video teller machine access services, as well as automatic drafts for various accounts.

Ames National Corporation (NASDAQ:ATLO) Institutional Positions Chart

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