Can Ames National Corporation (NASDAQ:ATLO)’s Tomorrow be Different? The Stock Had Increase in Shorts

October 2, 2018 - By Linda Rogers

Investors sentiment increased to 1.77 in 2018 Q2. Its up 0.88, from 0.89 in 2018Q1. It increased, 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.
Retail Bank Of America Corporation De has invested 0% in Ames National Corporation (NASDAQ:ATLO). Moreover, Alliancebernstein Lp has 0% invested in Ames National Corporation (NASDAQ:ATLO). Piedmont Inv Ltd Liability Com invested in 0% or 150 shares. Rhumbline Advisers stated it has 8,594 shares or 0% of all its holdings. Schwab Charles Investment Mgmt Inc has 0% invested in Ames National Corporation (NASDAQ:ATLO). Wells Fargo Mn accumulated 13,086 shares or 0% of the stock. Us Comml Bank De accumulated 14,499 shares or 0% of the stock. 3,541 are held by Metropolitan Life Ins Ny. State Street, Massachusetts-based fund reported 150,191 shares. California Public Employees Retirement System holds 0% or 24,538 shares. Moreover, Kennedy Inc has 0.01% invested in Ames National Corporation (NASDAQ:ATLO). Barclays Public Limited Co owns 629 shares. California State Teachers Retirement System, a California-based fund reported 13,180 shares. Tiaa Cref Management Lc, a New York-based fund reported 18,995 shares. Strs Ohio has 0% invested in Ames National Corporation (NASDAQ:ATLO) for 2,200 shares.

Since September 12, 2018, it had 8 insider buys, and 0 selling transactions for $133,260 activity. On Friday, September 14 Hoff Curtis A bought $27,250 worth of Ames National Corporation (NASDAQ:ATLO) or 1,000 shares. POHLMAN THOMAS H bought $13,975 worth of Ames National Corporation (NASDAQ:ATLO) on Thursday, September 13. Benson David W. bought $9,824 worth of Ames National Corporation (NASDAQ:ATLO) on Wednesday, September 12. LARSON JAMES R II bought $27,645 worth of stock or 1,000 shares. Another trade for 1,000 shares valued at $27,750 was made by Parker Richard O 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 October 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%.

The stock increased 0.04% or $0.01 during the last trading session, reaching $27.09. About 266 shares traded. Ames National Corporation (NASDAQ:ATLO) has declined 2.33% since October 2, 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 $252.23 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 16.85 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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