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

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 15,790 shares, an increase of 210.3% from the December 31st total of 5,089 shares. Based on an average daily volume of 11,779 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 11,779 shares, the short-interest ratio is presently 1.3 days.

Atlanticus Price Performance

Atlanticus stock opened at $24.53 on Friday. Atlanticus has a one year low of $21.66 and a one year high of $25.00. The company’s fifty day moving average price is $24.15 and its two-hundred day moving average price is $23.80.

Atlanticus Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.4766 per share. This represents a $1.91 annualized dividend and a yield of 7.8%. This is a boost from Atlanticus’s previous quarterly dividend of $0.48. The ex-dividend date was Monday, December 1st.

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.