Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) Sees Large Drop in Short Interest

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 11,365 shares, a drop of 70.1% from the June 30th total of 37,979 shares. Based on an average daily volume of 16,714 shares, the short-interest ratio is currently 0.7 days.

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 Trading Up 1.1%

Shares of NASDAQ ATLCZ traded up $0.29 during midday trading on Monday, reaching $25.54. The company had a trading volume of 7,891 shares, compared to its average volume of 21,241. Atlanticus Holdings Co. 9.25% Senior Notes due 2029 has a 1 year low of $24.72 and a 1 year high of $25.89. The business’s 50-day simple moving average is $25.48 and its 200 day simple moving average is $25.44.

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.5781 per share. This represents a $2.31 annualized dividend and a yield of 9.1%. The ex-dividend date was Wednesday, July 1st.

Atlanticus Holdings Co is a specialty finance holding company based in Cincinnati, Ohio, that offers a range of consumer credit products and associated servicing activities in the United States. Through its primary operating subsidiaries, CardWorks Servicing LLC and Atlanticus Receivables LLC, the company originates, acquires and services revolving credit card accounts and unsecured installment loans tailored to near-prime and subprime consumers.

Atlanticus’s credit card offerings include a variety of Visa-branded cards marketed through direct-response channels and an extensive network of third-party partners.