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

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 18,009 shares, an increase of 212.3% from the November 30th total of 5,767 shares. Based on an average trading volume of 85,801 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 85,801 shares, the days-to-cover ratio is currently 0.2 days.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Trading Down 0.3%

Shares of ATLCL stock traded down $0.07 on Friday, reaching $24.66. 19,879 shares of the stock were exchanged, compared to its average volume of 15,045. Atlanticus Holdings Co. 6.125% Senior Notes due 2026 has a one year low of $23.29 and a one year high of $25.44. The stock has a 50 day moving average price of $24.80 and a 200 day moving average price of $24.71.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.3828 per share. This is a boost from Atlanticus Holdings Co. 6.125% Senior Notes due 2026’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, October 15th. This represents a $1.53 annualized dividend and a dividend yield of 6.2%.

About Atlanticus Holdings Co. 6.125% Senior Notes due 2026

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.