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

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 104 shares, a drop of 65.2% from the September 30th total of 299 shares. Based on an average daily trading volume, of 4,950 shares, the short-interest ratio is presently 0.0 days.

Atlanticus Price Performance

ATLCP traded down $0.13 during trading on Thursday, hitting $21.38. 3,586 shares of the company’s stock were exchanged, compared to its average volume of 5,523. The stock has a 50 day moving average price of $23.45 and a 200 day moving average price of $23.86. Atlanticus has a 1 year low of $20.46 and a 1 year high of $24.90.

Atlanticus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.4766 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date was Tuesday, September 1st.

About Atlanticus

Atlanticus Holdings Corporation is a financial technology and credit services company that develops and manages credit products for consumers who may have limited access to traditional forms of credit. Through its technology platforms and partner relationships, the company provides point-of-sale financing, credit card programs, personal installment loans and other consumer finance products.

Atlanticus supports the delivery, underwriting, servicing and administration of credit accounts, using data-driven tools designed to help financial institutions and merchants reach underserved and near-prime consumers.