Atlanticus Holdings Co. (NASDAQ:ATLCP – Get Free Report) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 3,331 shares, a decline of 35.0% from the July 30th total of 5,128 shares. Based on an average daily trading volume, of 5,949 shares, the days-to-cover ratio is presently 0.6 days.
Atlanticus Trading Down 1.2%
ATLCP stock traded down $0.29 on Tuesday, reaching $23.91. 1,979 shares of the company’s stock were exchanged, compared to its average volume of 5,532. The stock has a fifty day moving average of $24.33 and a 200-day moving average of $23.92. Atlanticus has a twelve month low of $20.46 and a twelve month high of $25.00.
Atlanticus Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.4766 per share. This represents a $1.91 annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Tuesday, September 1st.
About Atlanticus
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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