Short Interest in ICC Holdings Inc (NASDAQ:ICCH) Drops By 50.0%

ICC Holdings Inc (NASDAQ:ICCH) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 100 shares, a decrease of 50.0% from the May 30th total of 200 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 0.3 days.

ICCH stock traded down $0.06 during trading on Friday, hitting $13.46. The company had a trading volume of 625 shares, compared to its average volume of 470. The company has a market capitalization of $44.42 million, a price-to-earnings ratio of 54.08 and a beta of 0.14. The firm has a 50 day moving average price of $14.05. ICC has a fifty-two week low of $13.01 and a fifty-two week high of $15.60. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.06.

ICC (NASDAQ:ICCH) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.10 EPS for the quarter. ICC had a net margin of 1.42% and a return on equity of 1.25%. The firm had revenue of $14.98 million for the quarter.

An institutional investor recently raised its position in ICC stock. M3F Inc. boosted its holdings in ICC Holdings Inc (NASDAQ:ICCH) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,531 shares of the company’s stock after acquiring an additional 30,833 shares during the quarter. ICC comprises about 2.4% of M3F Inc.’s investment portfolio, making the stock its 18th biggest holding. M3F Inc. owned 5.76% of ICC worth $2,667,000 at the end of the most recent quarter. 10.52% of the stock is currently owned by hedge funds and other institutional investors.

ICC Company Profile

ICC Holdings, Inc, through its subsidiary, Illinois Casualty Company, provides property and casualty insurance products to the food and beverage industry in the United States. The company offers commercial multi-peril, liquor liability, workers' compensation, and umbrella liability insurance products.

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