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

Ames National Co. (NASDAQ:ATLO) saw a significant growth in short interest in 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. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 16,200 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Investors Weigh In On Ames National

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATLO. BNP Paribas Financial Markets grew its stake in shares of Ames National by 75.7% during the first quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 1,832 shares in the last quarter. Barclays PLC boosted its holdings in 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 last quarter. Bank of New York Mellon Corp grew its stake in Ames National by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider’s stock valued at $763,000 after purchasing an additional 1,737 shares in the last quarter. Choreo LLC purchased a new stake in Ames National during the 2nd quarter worth approximately $807,000. Finally, State Street Corp raised its position in shares of Ames National by 0.9% in the 3rd quarter. State Street Corp now owns 123,550 shares of the financial services provider’s stock valued at $2,252,000 after purchasing an additional 1,069 shares in the last quarter. Hedge funds and other institutional investors own 26.47% of the company’s stock.

Ames National Stock Down 0.1 %

ATLO opened at $18.18 on Friday. The firm’s 50 day moving average is $17.88 and its 200-day moving average is $19.18. Ames National has a 52-week low of $15.69 and a 52-week high of $22.50. The firm has a market capitalization of $163.44 million, a P/E ratio of 16.99 and a beta of 0.56.

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.