Atlanticus Holdings Co. (NASDAQ:ATLCP) Sees Large Increase in Short Interest

Atlanticus Holdings Co. (NASDAQ:ATLCPGet Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,600 shares, an increase of 128.6% from the December 31st total of 700 shares. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is currently 0.3 days.

Atlanticus Price Performance

Shares of NASDAQ:ATLCP traded down $0.57 during trading on Friday, reaching $21.65. 34,996 shares of the company’s stock traded hands, compared to its average volume of 7,533. Atlanticus has a fifty-two week low of $15.88 and a fifty-two week high of $23.63. The company has a 50-day simple moving average of $22.17 and a 200-day simple moving average of $21.24.

Atlanticus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.4766 per share. This represents a $1.91 annualized dividend and a dividend yield of 8.80%. The ex-dividend date of this dividend was Thursday, November 30th.

About Atlanticus

(Get Free Report)

Atlanticus Holdings Corporation 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 and service providers.

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