Atlanticus Holdings Co. (NASDAQ:ATLCP) Sees Significant Decline in Short Interest

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 3,331 shares, a decrease of 35.0% from the July 30th total of 5,128 shares. Based on an average trading volume of 5,949 shares, the short-interest ratio is presently 0.6 days.

Atlanticus Stock Down 1.2%

Atlanticus stock traded down $0.29 during mid-day trading on Tuesday, reaching $23.91. 1,979 shares of the company were exchanged, compared to its average volume of 5,532. The firm’s 50-day simple moving average is $24.33 and its two-hundred day simple moving average is $23.92. Atlanticus has a twelve month low of $20.46 and a twelve month high of $25.00.

Atlanticus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.4766 per share. This represents a $1.91 annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Tuesday, September 1st.

About Atlanticus

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.