Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) Short Interest Down 84.9% in February

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 1,191 shares, a decline of 84.9% from the January 29th total of 7,884 shares. Based on an average daily trading volume, of 11,952 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 11,952 shares, the days-to-cover ratio is presently 0.1 days.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Price Performance

ATLCL traded down $0.10 during midday trading on Wednesday, hitting $25.00. 1,731 shares of the company’s stock traded hands, compared to its average volume of 23,049. The stock’s fifty day simple moving average is $24.83 and its 200-day simple moving average is $24.86. Atlanticus Holdings Co. 6.125% Senior Notes due 2026 has a one year low of $23.70 and a one year high of $25.44.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th were issued a dividend of $0.3828 per share. The ex-dividend date was Thursday, January 15th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 6.1%.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Company Profile

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.