Malaga Financial Corp. (OTCMKTS:MLGF) Sees Large Increase in Short Interest

Malaga Financial Corp. (OTCMKTS:MLGF) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,207 shares, an increase of 1,043.5% from the August 15th total of 193 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,376 shares, the days-to-cover ratio is currently 1.6 days.

Malaga Financial Price Performance

OTCMKTS:MLGF remained flat at $22.46 during mid-day trading on Friday. 75 shares of the company traded hands, compared to its average volume of 1,393. Malaga Financial has a twelve month low of $19.40 and a twelve month high of $23.45. The company has a market cap of $222.35 million, a price-to-earnings ratio of 9.93 and a beta of 0.08. The stock’s fifty day moving average is $22.25 and its 200 day moving average is $21.88.

Malaga Financial (OTCMKTS:MLGF) last announced its quarterly earnings results on Friday, July 10th. The company reported $0.58 earnings per share (EPS) for the quarter.

Malaga Financial Company Profile

Malaga Financial Corporation operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business customers. It offers checking, savings, NOW, and money market accounts, certificates of deposits, business banking, consumer, and demand deposits. The company also provides commercial real estate, single and multi-family residential mortgage, consumer, 14-unit investment property, construction, personal, and business loans; home equity lines of credit; and certificates of deposit.