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

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 11,365 shares, a decrease of 70.1% from the June 30th total of 37,979 shares. Based on an average daily volume of 16,714 shares, the days-to-cover ratio is presently 0.7 days.

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

Shares of ATLCZ traded up $0.27 during mid-day trading on Tuesday, reaching $25.52. The company had a trading volume of 1,695 shares, compared to its average volume of 21,240. The firm has a 50-day moving average price of $25.48 and a 200 day moving average price of $25.44. Atlanticus Holdings Co. 9.25% Senior Notes due 2029 has a 52 week low of $24.72 and a 52 week high of $25.89.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.5781 dividend. This represents a $2.31 annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.