Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) Sees Significant Increase in Short Interest

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 12,895 shares, a growth of 160.3% from the November 30th total of 4,953 shares. Based on an average daily volume of 32,725 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 32,725 shares, the days-to-cover ratio is currently 0.4 days.

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 Stock Performance

NASDAQ ATLCZ opened at $25.69 on Friday. Atlanticus Holdings Co. 9.25% Senior Notes due 2029 has a one year low of $23.40 and a one year high of $25.86. The company’s 50 day moving average price is $25.48 and its 200 day moving average price is $25.36.

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Thursday, January 1st will be issued a dividend of $0.5781 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.31 annualized dividend and a dividend yield of 9.0%.

Atlanticus Holdings Co is a specialty finance holding company based in Cincinnati, Ohio, that offers a range of consumer credit products and associated servicing activities in the United States. Through its primary operating subsidiaries, CardWorks Servicing LLC and Atlanticus Receivables LLC, the company originates, acquires and services revolving credit card accounts and unsecured installment loans tailored to near-prime and subprime consumers.

Atlanticus’s credit card offerings include a variety of Visa-branded cards marketed through direct-response channels and an extensive network of third-party partners.