Short Interest in Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) Declines By 42.3%

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 5,530 shares, a drop of 42.3% from the December 31st total of 9,588 shares. Based on an average daily trading volume, of 28,532 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 28,532 shares, the days-to-cover ratio is presently 0.2 days.

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

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 stock opened at $25.57 on Friday. The stock’s 50 day moving average price is $25.49 and its 200 day moving average price is $25.46. Atlanticus Holdings Co. 9.25% Senior Notes due 2029 has a one year low of $23.40 and a one year high of $25.89.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, January 1st were given a dividend of $0.5781 per share. This represents a $2.31 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Wednesday, December 31st.

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.