Short Interest in Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) Declines By 60.7%

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,492 shares, a decline of 60.7% from the June 30th total of 3,801 shares. Based on an average daily volume of 4,515 shares, the days-to-cover ratio is presently 0.3 days.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Stock Performance

Shares of ATLCL opened at $25.07 on Monday. Atlanticus Holdings Co. 6.125% Senior Notes due 2026 has a 12 month low of $24.25 and a 12 month high of $25.44. The stock has a fifty day moving average price of $25.16 and a 200 day moving average price of $25.03.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.3828 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.53 annualized dividend and a dividend yield of 6.1%.

About Atlanticus Holdings Co. 6.125% Senior Notes due 2026

Atlanticus Holdings Co, together with its subsidiaries, provides consumer financial services, specializing in private-label credit and loyalty programs, installment loans and payment solutions. The company partners with banks and retail and service-based merchants—including automotive dealerships, furniture retailers and healthcare providers—to underwrite and administer credit products that cater to consumers with less-established credit histories.

Headquartered in Atlanta, Georgia, Atlanticus leverages proprietary underwriting technology to originate, acquire and service installment loans through its direct-to-consumer online platform, and manages portfolio servicing for co-branded credit card programs across the United States.