Atlanticus Holdings Co. (NASDAQ:ATLCP) Short Interest Up 76.0% in May

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 3,908 shares, a growth of 76.0% from the April 30th total of 2,220 shares. Based on an average daily volume of 4,537 shares, the days-to-cover ratio is currently 0.9 days.

Atlanticus Stock Up 0.2%

Shares of Atlanticus stock traded up $0.04 during trading on Wednesday, reaching $24.25. The company’s stock had a trading volume of 1,621 shares, compared to its average volume of 5,915. Atlanticus has a 1-year low of $20.46 and a 1-year high of $25.00. The company has a 50-day simple moving average of $23.21 and a two-hundred day simple moving average of $23.89.

Atlanticus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.4766 dividend. This represents a $1.91 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Monday, June 1st.

About Atlanticus

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.