Atlanticus Holdings Co. (NASDAQ:ATLCP) Sees Large Increase in Short Interest

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,962 shares, an increase of 138.4% from the June 15th total of 823 shares. Based on an average trading volume of 3,567 shares, the days-to-cover ratio is presently 0.6 days.

Atlanticus Stock Performance

Atlanticus stock opened at $24.33 on Tuesday. Atlanticus has a 1-year low of $20.46 and a 1-year high of $25.00. The stock’s 50 day moving average price is $24.09 and its 200 day moving average price is $23.94.

Atlanticus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.4766 per share. This represents a $1.91 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Monday, June 1st.

Atlanticus Company Profile

Atlanticus Holdings Corporation, through its subsidiaries, provides consumer financial products and services in the United States. The company specializes in originating, underwriting and servicing unsecured credit card receivables for non-prime consumers nationwide. Atlanticus partners with independent sales organizations and program managers to deliver private-label and co-branded credit card programs under the Mastercard and Visa networks.

Beyond card issuance, Atlanticus operates a technology-driven servicing platform that manages billing, collections and customer support for both proprietary and third-party credit programs.