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

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 3,801 shares, an increase of 119.8% from the June 15th total of 1,729 shares. Based on an average trading volume of 7,441 shares, the short-interest ratio is currently 0.5 days.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Trading Down 1.8%

Shares of NASDAQ:ATLCL opened at $24.94 on Wednesday. The business’s fifty day moving average price is $25.16 and its two-hundred day moving average price is $25.01. Atlanticus Holdings Co. 6.125% Senior Notes due 2026 has a one year low of $24.17 and a one year high of $25.44.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be issued a $0.3828 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $1.53 dividend on an annualized basis and a 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.