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

Atlanticus Holdings Co. (NASDAQ:ATLCP) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 600 shares, an increase of 50.0% from the September 30th total of 400 shares. Based on an average trading volume of 4,800 shares, the short-interest ratio is currently 0.1 days.

Atlanticus Stock Performance

ATLCP stock traded down $0.22 during midday trading on Monday, hitting $22.70. 1,890 shares of the stock were exchanged, compared to its average volume of 7,690. The stock’s 50-day moving average price is $22.81 and its 200-day moving average price is $22.77. Atlanticus has a fifty-two week low of $19.76 and a fifty-two week high of $24.80.

Atlanticus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Sunday, September 1st were given a $0.4766 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.91 annualized dividend and a dividend yield of 8.40%.

Atlanticus Company Profile

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.