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

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

Atlanticus Stock Down 0.3%

Shares of NASDAQ ATLCP opened at $24.13 on Thursday. Atlanticus has a 1 year low of $20.46 and a 1 year high of $25.00. The stock’s 50-day simple moving average is $23.24 and its 200-day simple moving average is $23.90.

Atlanticus Announces Dividend

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

Atlanticus Company Profile

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.