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

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

Malaga Financial Price Performance

Shares of OTCMKTS:MLGF remained flat at $22.46 during trading on Thursday. The stock had a trading volume of 100 shares, compared to its average volume of 2,569. The company has a market cap of $222.35 million, a P/E ratio of 9.93 and a beta of 0.08. The company has a 50 day moving average of $22.24 and a two-hundred day moving average of $21.88. Malaga Financial has a 12-month low of $19.40 and a 12-month high of $23.45.

Malaga Financial (OTCMKTS:MLGF) last released its quarterly earnings results 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.