Short Interest in Malaga Financial Corp. (OTCMKTS:MLGF) Drops By 65.6%

Malaga Financial Corp. (OTCMKTS:MLGF) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 157 shares, a decline of 65.6% from the December 31st total of 457 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 6,151 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 6,151 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Malaga Financial Stock Performance

Shares of OTCMKTS MLGF traded down $0.08 during midday trading on Wednesday, hitting $21.55. The company’s stock had a trading volume of 851 shares, compared to its average volume of 2,169. The firm’s fifty day moving average price is $21.95 and its 200-day moving average price is $21.27. Malaga Financial has a 1-year low of $19.10 and a 1-year high of $23.40. The firm has a market cap of $213.35 million, a P/E ratio of 9.84 and a beta of 0.08.

About Malaga Financial

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.