Atlanticus Holdings Co. (NASDAQ:ATLCP) Sees Large Decline in Short Interest

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 3,331 shares, a decrease of 35.0% from the July 30th total of 5,128 shares. Based on an average daily volume of 5,949 shares, the days-to-cover ratio is presently 0.6 days.

Atlanticus Stock Down 1.2%

Shares of NASDAQ ATLCP opened at $23.91 on Wednesday. Atlanticus has a 12 month low of $20.46 and a 12 month high of $25.00. The business’s 50 day moving average is $24.33 and its two-hundred day moving average is $23.92.

Atlanticus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.4766 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.91 dividend on an annualized basis and a yield of 8.0%.

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.