NEW YORK ( TheStreet) -- First Acceptance Corp. (FAC - Get Report), Berkshire Hathaway (BRK.A - Get Report) and Ambac (ABK) have had their short ratios drop dramatically. Though that might indicate investors are less bearish on those insurance stocks, it's not that simple.First Acceptance's short ratio on Tuesday dropped from 35.1 to 21.2, covering nearly 14 days of shorted stock sales in a day. The stock price fell 0.9%. Warren Buffett's Berkshire, hardly the darling of short sellers, saw its short position decline from 5.9 to 2.6. The stock decreased 0.2%. Ambac's dropped from 9.9 to 7.2, and its stock price rose 6%. The average insurer has a short ratio of 5.8, an increase of 0.3 days in the past month.
Insurers' Stocks Shed Some Bearishness
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