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

Malaga Financial Corp. (OTCMKTS:MLGF) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 2,207 shares, a growth of 1,043.5% from the August 15th total of 193 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,376 shares, the days-to-cover ratio is presently 1.6 days.

Malaga Financial Stock Performance

Shares of MLGF stock remained flat at $22.46 on Thursday. 100 shares of the stock traded hands, compared to its average volume of 2,569. Malaga Financial has a 12-month low of $19.40 and a 12-month high of $23.45. The business has a 50 day moving average price of $22.24 and a 200 day moving average price of $21.88. The stock has a market cap of $222.35 million, a price-to-earnings ratio of 9.93 and a beta of 0.08.

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.