Atlanticus Holdings Co. (NASDAQ:ATLCP) Sees Large Increase in Short Interest

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 15,790 shares, an increase of 210.3% from the December 31st total of 5,089 shares. Based on an average trading volume of 11,779 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 11,779 shares, the days-to-cover ratio is currently 1.3 days.

Atlanticus Trading Up 0.2%

NASDAQ ATLCP opened at $24.57 on Thursday. The firm’s 50 day moving average is $24.12 and its 200-day moving average is $23.78. Atlanticus has a 12-month low of $21.66 and a 12-month high of $25.00.

Atlanticus Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.4766 per share. This is a boost from Atlanticus’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.91 annualized dividend and a yield of 7.8%.

Atlanticus Company Profile

Atlanticus Holdings Corporation, through its subsidiaries, provides consumer financial products and services in the United States. The company specializes in originating, underwriting and servicing unsecured credit card receivables for non-prime consumers nationwide. Atlanticus partners with independent sales organizations and program managers to deliver private-label and co-branded credit card programs under the Mastercard and Visa networks.

Beyond card issuance, Atlanticus operates a technology-driven servicing platform that manages billing, collections and customer support for both proprietary and third-party credit programs.