Atlanticus Holdings Co. (NASDAQ:ATLCP) Sees Significant Decline in Short Interest

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 9,974 shares, a drop of 36.8% from the January 15th total of 15,790 shares. Based on an average daily trading volume, of 4,657 shares, the short-interest ratio is presently 2.1 days. Based on an average daily trading volume, of 4,657 shares, the short-interest ratio is presently 2.1 days.

Atlanticus Price Performance

Shares of Atlanticus stock opened at $24.75 on Friday. The firm has a 50-day moving average of $24.28 and a 200-day moving average of $23.97. Atlanticus has a 52-week low of $21.66 and a 52-week high of $25.00.

Atlanticus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Sunday, March 1st will be given a dividend of $0.4766 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Friday, February 27th.

About Atlanticus

Atlanticus Holdings Corporation, through its subsidiaries, provides consumer financial products and services in the United States. The company specializes in originating, underwriting and servicing unsecured credit card receivables for non-prime consumers nationwide. Atlanticus partners with independent sales organizations and program managers to deliver private-label and co-branded credit card programs under the Mastercard and Visa networks.

Beyond card issuance, Atlanticus operates a technology-driven servicing platform that manages billing, collections and customer support for both proprietary and third-party credit programs.