Short Interest in Malaga Financial Corp. (OTCMKTS:MLGF) Expands By 320.2%

Malaga Financial Corp. (OTCMKTS:MLGF) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 416 shares, an increase of 320.2% from the July 15th total of 99 shares. Based on an average daily volume of 7,837 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Malaga Financial Trading Up 2.5%

OTCMKTS:MLGF traded up $0.54 on Friday, reaching $22.25. The stock had a trading volume of 15,427 shares, compared to its average volume of 3,277. The stock has a market cap of $220.28 million, a P/E ratio of 9.83 and a beta of 0.08. Malaga Financial has a 12-month low of $19.10 and a 12-month high of $23.40. The company has a 50-day moving average of $21.89 and a 200 day moving average of $21.76.

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

Malaga Financial Company Profile

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.