Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) Sees Large Decrease in Short Interest

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 27,860 shares, a drop of 43.0% from the December 31st total of 48,864 shares. Based on an average daily volume of 53,900 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 53,900 shares, the days-to-cover ratio is presently 0.5 days.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Stock Performance

NASDAQ:ATLCL opened at $24.92 on Friday. Atlanticus Holdings Co. 6.125% Senior Notes due 2026 has a 52 week low of $23.70 and a 52 week high of $25.44. The company has a fifty day simple moving average of $24.80 and a two-hundred day simple moving average of $24.79.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of $0.3828 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 6.1%.

About Atlanticus Holdings Co. 6.125% Senior Notes due 2026

Atlanticus Holdings Co, together with its subsidiaries, provides consumer financial services, specializing in private-label credit and loyalty programs, installment loans and payment solutions. The company partners with banks and retail and service-based merchants—including automotive dealerships, furniture retailers and healthcare providers—to underwrite and administer credit products that cater to consumers with less-established credit histories.

Headquartered in Atlanta, Georgia, Atlanticus leverages proprietary underwriting technology to originate, acquire and service installment loans through its direct-to-consumer online platform, and manages portfolio servicing for co-branded credit card programs across the United States.