Short Interest in Atlanticus Holdings Co. (NASDAQ:ATLCP) Drops By 55.8%

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 823 shares, a drop of 55.8% from the May 31st total of 1,863 shares. Based on an average daily trading volume, of 8,405 shares, the days-to-cover ratio is currently 0.1 days.

Atlanticus Stock Performance

Shares of NASDAQ:ATLCP traded up $0.01 during trading hours on Tuesday, hitting $24.24. 2,140 shares of the company’s stock traded hands, compared to its average volume of 5,998. The company’s fifty day simple moving average is $23.87 and its two-hundred day simple moving average is $23.91. Atlanticus has a 52 week low of $20.46 and a 52 week high of $25.00.

Atlanticus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.4766 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.91 dividend on an annualized basis and a yield of 7.9%.

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.