Atlanticus Holdings Co. (NASDAQ:ATLCP – Get Free Report) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,863 shares, a drop of 52.3% from the May 14th total of 3,908 shares. Based on an average daily volume of 4,997 shares, the days-to-cover ratio is currently 0.4 days.
Atlanticus Stock Performance
ATLCP traded up $0.40 during trading on Monday, hitting $23.90. The stock had a trading volume of 4,106 shares, compared to its average volume of 6,214. The company’s 50-day moving average price is $23.45 and its 200 day moving average price is $23.89. Atlanticus has a twelve month low of $20.46 and a twelve month high of $25.00.
Atlanticus Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.4766 dividend. This represents a $1.91 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Monday, June 1st.
Atlanticus Company Profile
Atlanticus Holdings Corporation, through its subsidiaries, provides consumer financial products and services in the United States. The company specializes in originating, underwriting and servicing unsecured credit card receivables for non-prime consumers nationwide. Atlanticus partners with independent sales organizations and program managers to deliver private-label and co-branded credit card programs under the Mastercard and Visa networks.
Beyond card issuance, Atlanticus operates a technology-driven servicing platform that manages billing, collections and customer support for both proprietary and third-party credit programs.
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