Atlanticus Holdings Co. (NASDAQ:ATLCP) Sees Large Increase in Short Interest

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,429 shares, a growth of 45.0% from the February 26th total of 1,675 shares. Based on an average trading volume of 4,008 shares, the days-to-cover ratio is presently 0.6 days.

Atlanticus Trading Down 3.2%

Atlanticus stock opened at $21.93 on Friday. The business’s 50-day simple moving average is $24.33 and its 200 day simple moving average is $24.19. Atlanticus has a 12-month low of $20.46 and a 12-month high of $25.00.

Atlanticus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Sunday, March 1st were paid a $0.4766 dividend. This represents a $1.91 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend was Friday, February 27th.

Atlanticus Company Profile

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.