What’s Next for Unico American Corporation (NASDAQ:UNAM) After Having More Shares Shorted?

March 14, 2018 - By wolcottdaily

 What's Next for Unico American Corporation (NASDAQ:UNAM) After Having More Shares Shorted?

Investors sentiment increased to 0.75 in Q3 2017. Its up 0.25, from 0.5 in 2017Q2. It is positive, as 2 investors sold Unico American Corporation shares while 2 reduced holdings. 1 funds opened positions while 2 raised stakes. 1.45 million shares or 6.39% less from 1.54 million shares in 2017Q2 were reported.
Dimensional Fund Advsrs Lp accumulated 423,959 shares or 0% of the stock. Renaissance Technologies holds 0% or 15,800 shares in its portfolio. Biglari Cap holds 0.49% or 527,100 shares. 1,030 were accumulated by Blackrock. California Pub Employees Retirement owns 0% invested in Unico American Corporation (NASDAQ:UNAM) for 13,300 shares. Royal Financial Bank Of Canada owns 26,962 shares or 0% of their US portfolio. Schwartz Investment Counsel, Michigan-based fund reported 397,000 shares. Brandywine Glob Invest Management Ltd Liability Co accumulated 22,300 shares. Morgan Stanley invested in 600 shares.

The stock of Unico American Corporation (NASDAQ:UNAM) registered an increase of 20% in short interest. UNAM’s total short interest was 2,400 shares in March as published by FINRA. Its up 20% from 2,000 shares, reported previously. With 2,800 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 0.12%.

It closed at $8.25 lastly. It is down 17.23% since March 14, 2017 and is downtrending. It has underperformed by 33.93% 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 $43.78 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.

More notable recent Unico American Corporation (NASDAQ:UNAM) news were published by: Businesswire.com which released: “Unico American Corporation Announces Review of Strategic Alternatives” on April 04, 2016, also Businesswire.com with their article: “Unico American Corporation Announces Conclusion of Strategic Alternatives …” published on January 30, 2018, Businesswire.com published: “Unico American Corporation Reports Second Quarter 2017 Financial Results” on August 11, 2017. More interesting news about Unico American Corporation (NASDAQ:UNAM) were released by: Businesswire.com and their article: “Unico American Corporation Announces Appointment of Directors and Elimination …” published on July 17, 2017 as well as Businesswire.com‘s news article titled: “Unico American Corporation Announces Settlement of Litigation” with publication date: September 15, 2017.

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