What Next for Unico American Corporation (NASDAQ:UNAM) Stock After Decrease in Shorted Shares?

June 13, 2018 - By Marguerite Chambers

Investors sentiment is 0.5 in Q1 2018. Its the same as in 2017Q4. It is flat, as 3 investors sold Unico American Corporation shares while 3 reduced holdings. only 1 funds opened positions while 2 raised stakes. 1.27 million shares or 10.62% less from 1.42 million shares in 2017Q4 were reported.
Biglari Capital Corp accumulated 527,100 shares. California Employees Retirement Systems reported 13,300 shares. Schwartz Inv Counsel Inc holds 0.12% of its portfolio in Unico American Corporation (NASDAQ:UNAM) for 250,000 shares. Royal Bancorp Of Canada invested in 13,401 shares. Dimensional Fund Advisors Limited Partnership has 0% invested in Unico American Corporation (NASDAQ:UNAM) for 429,109 shares. Renaissance Tech Ltd Company has 0% invested in Unico American Corporation (NASDAQ:UNAM) for 16,000 shares. Morgan Stanley has 0% invested in Unico American Corporation (NASDAQ:UNAM). Blackrock invested in 1,030 shares.

Since June 1, 2018, it had 3 buys, and 0 insider sales for $6,206 activity.

The stock of Unico American Corporation (NASDAQ:UNAM) registered a decrease of 27.45% in short interest. UNAM’s total short interest was 3,700 shares in June as published by FINRA. Its down 27.45% from 5,100 shares, reported previously. With 3,200 shares average volume, it will take short sellers 1 days to cover their UNAM’s short positions. The short interest to Unico American Corporation’s float is 0.18%.

The stock increased 3.03% or $0.25 during the last trading session, reaching $8.5. About 944 shares traded. Unico American Corporation (NASDAQ:UNAM) has declined 24.39% since June 13, 2017 and is downtrending. It has underperformed by 36.96% the S&P500.

Unico American Corporation, through its subsidiaries, underwrites property and casualty insurance in Arizona, California, Nevada, Oregon, and Washington. The company has market cap of $45.11 million. The firm provides property, casualty, health, and life insurance products, as well as insurance premium financing and membership association services. It currently has negative earnings. The Company’s commercial property coverage insures against loss or damage to buildings, inventory, and equipment from natural disasters, including hurricanes, windstorms, hail, water, explosions, and severe winter weather, as well as other events, such as theft and vandalism, fires, storms, and financial loss due to business interruption resulting from covered property damage.

Another recent and important Unico American Corporation (NASDAQ:UNAM) news was published by Businesswire.com which published an article titled: “Unico American Corporation Reports First Quarter 2018 Financial Results” on May 15, 2018.

Unico American Corporation (NASDAQ:UNAM) Institutional Positions Chart

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