Malaga Financial Co. (OTCMKTS:MLGF) Short Interest Update

Malaga Financial Co. (OTCMKTS:MLGF) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 700 shares, a drop of 46.2% from the September 30th total of 1,300 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is currently 0.1 days.

Malaga Financial Price Performance

MLGF remained flat at $22.90 during trading on Friday. 1 shares of the company’s stock traded hands, compared to its average volume of 3,865. The company has a market capitalization of $205.64 million, a price-to-earnings ratio of 8.91 and a beta of 0.49. Malaga Financial has a 12 month low of $21.38 and a 12 month high of $23.90. The business has a fifty day moving average of $22.75 and a 200-day moving average of $22.70.

Malaga Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 20th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.37%. The ex-dividend date was Friday, September 20th. Malaga Financial’s payout ratio is 38.91%.

About Malaga Financial

Malaga Financial Corporation operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business customers. It offers checking, savings, NOW, and money market accounts, certificates of deposits, business banking, consumer, and demand deposits.