ICC Holdings, Inc. (NASDAQ:ICCH) Sees Large Increase in Short Interest

ICC Holdings, Inc. (NASDAQ:ICCH) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,800 shares, an increase of 47.4% from the November 30th total of 1,900 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 4,800 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On ICC

Institutional investors and hedge funds have recently modified their holdings of the company. Gardner Lewis Asset Management L P acquired a new stake in shares of ICC during the 2nd quarter worth about $2,594,000. Oddo BHF Asset Management Sas bought a new position in ICC in the 3rd quarter valued at about $3,497,000. Bank of Montreal Can acquired a new stake in ICC during the second quarter worth approximately $532,000. Gabelli Funds LLC bought a new stake in shares of ICC during the second quarter worth approximately $1,149,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of ICC in the second quarter valued at approximately $679,000. 46.50% of the stock is owned by institutional investors.

ICC Stock Performance

NASDAQ ICCH traded down $0.07 on Monday, hitting $23.28. 485 shares of the stock were exchanged, compared to its average volume of 9,398. The company has a market capitalization of $73.08 million, a PE ratio of 10.49 and a beta of 0.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.04 and a quick ratio of 1.04. The business’s fifty day moving average is $23.18 and its 200 day moving average is $22.91. ICC has a 52 week low of $14.78 and a 52 week high of $23.96.

ICC Company Profile

ICC Holdings, Inc, together with its subsidiaries, provides property and casualty insurance products to the food and beverage industry in the United States. It offers commercial multi-peril, liquor liability, workers' compensation, and umbrella liability insurance products. The company markets its products through independent agents in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, Utah, and Wisconsin.