Malaga Financial Corp. (OTCMKTS:MLGF) Sees Significant Decrease in Short Interest

Malaga Financial Corp. (OTCMKTS:MLGF) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 99 shares, a decrease of 72.4% from the June 15th total of 359 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,284 shares, the days-to-cover ratio is presently 0.0 days.

Malaga Financial Stock Performance

OTCMKTS:MLGF traded up $0.75 during mid-day trading on Friday, hitting $22.49. The stock had a trading volume of 5,430 shares, compared to its average volume of 2,598. Malaga Financial has a twelve month low of $19.10 and a twelve month high of $23.40. The stock has a market cap of $222.68 million, a price-to-earnings ratio of 9.94 and a beta of 0.08. The company’s 50 day simple moving average is $21.73 and its 200 day simple moving average is $21.68.

Malaga Financial (OTCMKTS:MLGF) last announced its quarterly earnings results on Friday, July 10th. The company reported $0.58 earnings per share for the quarter.

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. The company also provides commercial real estate, single and multi-family residential mortgage, consumer, 14-unit investment property, construction, personal, and business loans; home equity lines of credit; and certificates of deposit.