Amtrust Financial Services Inc (NASDAQ:AFSI) Shorts Decreased by 25.29% After Short Covering

April 17, 2018 - By Adrian Mccoy

AmTrust Financial Services, Inc. (NASDAQ:AFSI) Logo

Investors sentiment increased to 0.92 in 2017 Q4. Its up 0.24, from 0.68 in 2017Q3. It improved, as 32 investors sold AmTrust Financial Services, Inc. shares while 42 reduced holdings. 28 funds opened positions while 40 raised stakes. 55.92 million shares or 14.50% less from 65.41 million shares in 2017Q3 were reported.
Livforsakringsbolaget Skandia Omsesidigt reported 0.03% stake. Royal Bancorp Of Canada has 0.01% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI). 507 are owned by Carroll Financial Associate. Fmr Limited Co owns 0% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI) for 66,400 shares. Clearbridge Lc owns 2,523 shares for 0% of their portfolio. Ubs Asset Americas reported 0% stake. Guggenheim Capital Ltd Company invested in 701,151 shares or 0.02% of the stock. Lpl Ltd Liability Co has invested 0% in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Amalgamated Retail Bank invested 0% of its portfolio in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Moreover, Us National Bank & Trust De has 0% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Teacher Retirement Sys Of Texas accumulated 33,497 shares. Vanguard reported 10.01 million shares. Dekabank Deutsche Girozentrale holds 750 shares or 0% of its portfolio. Commerce Bank & Trust holds 0.01% of its portfolio in AmTrust Financial Services, Inc. (NASDAQ:AFSI) for 49,500 shares. Stoneridge Investment Prns Limited holds 0.04% or 21,887 shares.

The stock of Amtrust Financial Services Inc (NASDAQ:AFSI) registered a decrease of 25.29% in short interest. AFSI’s total short interest was 8.58M shares in April as published by FINRA. Its down 25.29% from 11.49M shares, reported previously. With 1.67 million shares average volume, it will take short sellers 5 days to cover their AFSI’s short positions. The short interest to Amtrust Financial Services Inc’s float is 7.05%.

The stock decreased 0.36% or $0.045 during the last trading session, reaching $12.545. About 205,839 shares traded. AmTrust Financial Services, Inc. (NASDAQ:AFSI) has declined 32.15% since April 17, 2017 and is downtrending. It has underperformed by 43.70% the S&P500.

AmTrust Financial Services, Inc., through its subsidiaries, underwrites and provides property and casualty insurance in the United States and internationally. The company has market cap of $2.46 billion. It operates in three divisions: Small Commercial Business; Specialty Risk and Extended Warranty; and Specialty Program. It currently has negative earnings. The Small Commercial Business segment offers workersÂ’ compensation insurance products; and commercial package insurance products, such as commercial property, general liability, inland marine, automobile, and umbrella coverage, as well as other property and casualty insurance products to small businesses.

AmTrust Financial Services, Inc. (NASDAQ:AFSI) Ratings Coverage

Among 5 analysts covering AmTrust (NASDAQ:AFSI), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. AmTrust has $22.0 highest and $10.0 lowest target. $15.83’s average target is 26.19% above currents $12.545 stock price. AmTrust had 8 analyst reports since October 24, 2017 according to SRatingsIntel. The rating was downgraded by FBR Capital to “Hold” on Tuesday, October 24. SunTrust maintained the stock with “Buy” rating in Monday, October 23 report. Keefe Bruyette & Woods maintained the shares of AFSI in report on Sunday, January 21 with “Hold” rating. The firm earned “Hold” rating on Monday, February 26 by Compass Point. The rating was downgraded by JMP Securities on Monday, November 13 to “Market Perform”. The stock of AmTrust Financial Services, Inc. (NASDAQ:AFSI) earned “Hold” rating by Keefe Bruyette & Woods on Monday, December 4. The rating was downgraded by SunTrust to “Hold” on Thursday, March 1.

AmTrust Financial Services, Inc. (NASDAQ:AFSI) Institutional Positions Chart

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