Short Interest in Atlanticus Holdings Co. (NASDAQ:ATLCP) Drops By 55.6%

Atlanticus Holdings Co. (NASDAQ:ATLCP) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 5,200 shares, a decrease of 55.6% from the October 31st total of 11,700 shares. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is currently 1.1 days.

Atlanticus Stock Performance

ATLCP traded up $0.39 during trading on Friday, hitting $24.00. 1,447 shares of the company’s stock were exchanged, compared to its average volume of 7,457. Atlanticus has a fifty-two week low of $20.55 and a fifty-two week high of $24.80. The business’s 50 day moving average is $23.11 and its two-hundred day moving average is $22.90.

Atlanticus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Sunday, December 1st will be issued a $0.4766 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 7.94%.

About Atlanticus

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.