Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) Sees Large Growth in Short Interest

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 37,979 shares, a growth of 352.2% from the June 15th total of 8,399 shares. Based on an average daily trading volume, of 22,734 shares, the short-interest ratio is currently 1.7 days.

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 Price Performance

NASDAQ:ATLCZ remained flat at $25.41 on Friday. 8,294 shares of the company’s stock were exchanged, compared to its average volume of 22,049. The stock’s 50-day moving average price is $25.50 and its 200-day moving average price is $25.46. Atlanticus Holdings Co. 9.25% Senior Notes due 2029 has a one year low of $24.72 and a one year high of $25.89.

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.5781 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $2.31 annualized dividend and a dividend yield of 9.1%.

Atlanticus Holdings Co is a specialty finance holding company based in Cincinnati, Ohio, that offers a range of consumer credit products and associated servicing activities in the United States. Through its primary operating subsidiaries, CardWorks Servicing LLC and Atlanticus Receivables LLC, the company originates, acquires and services revolving credit card accounts and unsecured installment loans tailored to near-prime and subprime consumers.

Atlanticus’s credit card offerings include a variety of Visa-branded cards marketed through direct-response channels and an extensive network of third-party partners.