Short Interest in Malaga Financial Co. (OTCMKTS:MLGF) Declines By 66.7%

by · The Markets Daily

Malaga Financial Co. (OTCMKTS:MLGF – Get Free Report) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 100 shares, a decrease of 66.7% from the November 30th total of 300 shares. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is currently 0.0 days.

Malaga Financial Price Performance

MLGF remained flat at $22.50 during trading hours on Thursday. The company had a trading volume of 1,675 shares, compared to its average volume of 3,316. The company’s 50-day moving average price is $22.84 and its 200-day moving average price is $22.73. The firm has a market capitalization of $212.04 million, a price-to-earnings ratio of 8.75 and a beta of 0.48. Malaga Financial has a one year low of $21.19 and a one year high of $22.75.

Malaga Financial (OTCMKTS:MLGF – Get Free Report) last issued its earnings results on Tuesday, October 15th. The company reported $0.62 earnings per share (EPS) for the quarter.

Malaga Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 20th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 4.44%. Malaga Financial’s dividend payout ratio is currently 40.82%.

About Malaga Financial

(Get Free Report)

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.

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