Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) Sees Significant Decline in Short Interest

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 27,860 shares, a drop of 43.0% from the December 31st total of 48,864 shares. Based on an average daily volume of 53,900 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 53,900 shares, the short-interest ratio is currently 0.5 days.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Stock Down 0.0%

Shares of ATLCL traded down $0.01 during trading hours on Friday, reaching $24.91. 16,070 shares of the company traded hands, compared to its average volume of 34,714. The stock’s fifty day moving average is $24.80 and its 200 day moving average is $24.79. Atlanticus Holdings Co. 6.125% Senior Notes due 2026 has a 1-year low of $23.70 and a 1-year high of $25.44.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.3828 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, January 15th.

About Atlanticus Holdings Co. 6.125% Senior Notes due 2026

Atlanticus Holdings Co, together with its subsidiaries, provides consumer financial services, specializing in private-label credit and loyalty programs, installment loans and payment solutions. The company partners with banks and retail and service-based merchants—including automotive dealerships, furniture retailers and healthcare providers—to underwrite and administer credit products that cater to consumers with less-established credit histories.

Headquartered in Atlanta, Georgia, Atlanticus leverages proprietary underwriting technology to originate, acquire and service installment loans through its direct-to-consumer online platform, and manages portfolio servicing for co-branded credit card programs across the United States.