Malaga Financial Corp. (OTCMKTS:MLGF) Sees Large Decline in Short Interest

Malaga Financial Corp. (OTCMKTS:MLGF) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 99 shares, a drop of 72.4% from the June 15th total of 359 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 6,284 shares, the days-to-cover ratio is presently 0.0 days.

Malaga Financial Trading Down 0.7%

OTCMKTS MLGF traded down $0.15 during trading hours on Tuesday, hitting $21.57. 4,489 shares of the company’s stock traded hands, compared to its average volume of 2,951. Malaga Financial has a 52 week low of $19.10 and a 52 week high of $23.40. The firm has a market capitalization of $213.44 million, a P/E ratio of 9.53 and a beta of 0.08. The business’s fifty day moving average price is $21.74 and its two-hundred day moving average price is $21.68.

Malaga Financial (OTCMKTS:MLGF) last released its quarterly earnings results on Friday, July 10th. The company reported $0.58 earnings per share 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.