Atlanticus Holdings Co. (NASDAQ:ATLCP) Short Interest Update

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,863 shares, a decline of 52.3% from the May 14th total of 3,908 shares. Based on an average daily trading volume, of 4,997 shares, the days-to-cover ratio is presently 0.4 days.

Atlanticus Price Performance

Shares of ATLCP traded down $0.32 during midday trading on Friday, hitting $23.35. The company had a trading volume of 3,142 shares, compared to its average volume of 6,236. The company’s 50 day moving average price is $23.45 and its 200 day moving average price is $23.89. Atlanticus has a 52 week low of $20.46 and a 52 week high of $25.00.

Atlanticus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.4766 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.91 annualized dividend and a dividend yield of 8.2%.

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.