Short Interest in Ames National Co. (NASDAQ:ATLO) Expands By 17.9%

Ames National Co. (NASDAQ:ATLO) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 69,200 shares, a growth of 17.9% from the October 15th total of 58,700 shares. Based on an average daily trading volume, of 16,200 shares, the short-interest ratio is currently 4.3 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Choreo LLC acquired a new position in shares of Ames National during the second quarter valued at $807,000. Barclays PLC increased its stake in shares of Ames National by 299.1% in the third quarter. Barclays PLC now owns 11,418 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 8,557 shares during the period. Geode Capital Management LLC raised its stake in Ames National by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider’s stock valued at $3,731,000 after acquiring an additional 4,843 shares in the last quarter. Vanguard Group Inc. boosted its position in Ames National by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock worth $9,886,000 after acquiring an additional 2,965 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Ames National by 75.7% in the first quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,832 shares in the last quarter. 26.47% of the stock is currently owned by institutional investors.

Ames National Stock Down 0.1 %

Shares of ATLO stock opened at $18.18 on Friday. The business has a 50 day moving average of $17.88 and a two-hundred day moving average of $19.18. The company has a market cap of $163.44 million, a P/E ratio of 16.99 and a beta of 0.56. Ames National has a 52 week low of $15.69 and a 52 week high of $22.50.

About Ames National

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north central, and south-central Iowa. The company accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.