Malaga Financial Corp. (OTCMKTS:MLGF) Short Interest Update

Malaga Financial Corp. (OTCMKTS:MLGF) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,207 shares, an increase of 1,043.5% from the August 15th total of 193 shares. Based on an average daily trading volume, of 1,376 shares, the short-interest ratio is currently 1.6 days. Approximately 0.0% of the shares of the stock are short sold.

Malaga Financial Price Performance

OTCMKTS MLGF remained flat at $22.46 during trading on Friday. The company’s stock had a trading volume of 50 shares, compared to its average volume of 2,569. Malaga Financial has a fifty-two week low of $19.40 and a fifty-two week high of $23.45. The company has a 50-day moving average of $22.24 and a 200-day moving average of $21.88. The firm has a market capitalization of $222.35 million, a P/E ratio of 9.93 and a beta of 0.08.

Malaga Financial (OTCMKTS:MLGF) last issued its quarterly earnings data on Friday, July 10th. The company reported $0.58 earnings per share (EPS) for the quarter.

About Malaga Financial

Malaga Financial Corporation operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business customers. It offers checking, savings, NOW, and money market accounts, certificates of deposits, business banking, consumer, and demand deposits. The company also provides commercial real estate, single and multi-family residential mortgage, consumer, 14-unit investment property, construction, personal, and business loans; home equity lines of credit; and certificates of deposit.