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

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 7,748 shares, a growth of 1,465.3% from the March 15th total of 495 shares. Based on an average daily volume of 29,082 shares, the days-to-cover ratio is currently 0.3 days.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Trading Up 0.1%

Shares of ATLCL opened at $25.15 on Friday. Atlanticus Holdings Co. 6.125% Senior Notes due 2026 has a one year low of $23.70 and a one year high of $25.44. The stock has a 50 day moving average price of $25.00 and a 200 day moving average price of $24.89.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be given a dividend of $0.3828 per share. This represents a $1.53 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, April 15th.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Company Profile

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.