Short Interest in Malaga Financial Corp. (OTCMKTS:MLGF) Grows By 262.6%

Malaga Financial Corp. (OTCMKTS:MLGF) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 359 shares, a growth of 262.6% from the May 31st total of 99 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 5,024 shares, the days-to-cover ratio is currently 0.1 days.

Malaga Financial Stock Performance

Shares of OTCMKTS:MLGF traded up $0.03 during midday trading on Friday, hitting $21.50. 1,724 shares of the stock were exchanged, compared to its average volume of 2,613. The business’s 50-day moving average price is $21.71 and its 200 day moving average price is $21.73. Malaga Financial has a 12 month low of $19.10 and a 12 month high of $23.40. The stock has a market capitalization of $212.85 million, a price-to-earnings ratio of 9.58 and a beta of 0.08.

Malaga Financial (OTCMKTS:MLGF) last issued its quarterly earnings data on Thursday, April 16th. The company reported $0.61 earnings per share (EPS) for the quarter.

Malaga Financial Company Profile

Malaga Financial Corporation operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business customers. It offers checking, savings, NOW, and money market accounts, certificates of deposits, business banking, consumer, and demand deposits. The company also provides commercial real estate, single and multi-family residential mortgage, consumer, 14-unit investment property, construction, personal, and business loans; home equity lines of credit; and certificates of deposit.