Atlanticus Holdings Co. (NASDAQ:ATLCP – Get Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 3,908 shares, a growth of 76.0% from the April 30th total of 2,220 shares. Based on an average daily trading volume, of 4,537 shares, the days-to-cover ratio is currently 0.9 days.
Atlanticus Trading Up 0.6%
ATLCP traded up $0.15 on Tuesday, reaching $24.11. 10,716 shares of the company traded hands, compared to its average volume of 6,009. Atlanticus has a one year low of $20.46 and a one year high of $25.00. The firm has a fifty day simple moving average of $23.21 and a two-hundred day simple moving average of $23.89.
Atlanticus Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.4766 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.91 dividend on an annualized basis and a yield of 7.9%.
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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