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

by · The Cerbat Gem

Atlanticus Holdings Co. (NASDAQ:ATLCP – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 10,300 shares, a decrease of 30.4% from the May 31st total of 14,800 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is presently 2.6 days.

Atlanticus Stock Down 1.0 %

NASDAQ:ATLCP traded down $0.22 during mid-day trading on Friday, reaching $23.13. The stock had a trading volume of 693 shares, compared to its average volume of 9,863. The stock’s 50 day simple moving average is $22.59 and its two-hundred day simple moving average is $22.73. Atlanticus has a 1-year low of $18.51 and a 1-year high of $24.80.

Atlanticus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Saturday, June 1st were given a dividend of $0.4766 per share. This represents a $1.91 annualized dividend and a dividend yield of 8.24%. The ex-dividend date was Friday, May 31st.

Atlanticus Company Profile

(Get Free Report)

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.

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