Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) Sees Significant Increase in Short Interest

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 48,864 shares, a growth of 171.3% from the December 15th total of 18,009 shares. Based on an average daily volume of 74,315 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 74,315 shares, the days-to-cover ratio is currently 0.7 days.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Price Performance

NASDAQ:ATLCL opened at $24.80 on Wednesday. The stock has a 50 day simple moving average of $24.79 and a 200 day simple moving average of $24.76. Atlanticus Holdings Co. 6.125% Senior Notes due 2026 has a 1-year low of $23.65 and a 1-year high of $25.44.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be paid a $0.3828 dividend. The ex-dividend date is Thursday, January 15th. This represents a $1.53 annualized dividend and a dividend yield of 6.2%.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Company Profile

Atlanticus Holdings Co, together with its subsidiaries, provides consumer financial services, specializing in private-label credit and loyalty programs, installment loans and payment solutions. The company partners with banks and retail and service-based merchants—including automotive dealerships, furniture retailers and healthcare providers—to underwrite and administer credit products that cater to consumers with less-established credit histories.

Headquartered in Atlanta, Georgia, Atlanticus leverages proprietary underwriting technology to originate, acquire and service installment loans through its direct-to-consumer online platform, and manages portfolio servicing for co-branded credit card programs across the United States.