Malaga Financial Corp. (OTCMKTS:MLGF) Sees Large Growth in Short Interest

Malaga Financial Corp. (OTCMKTS:MLGF) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 359 shares, a growth of 262.6% from the May 31st total of 99 shares. Based on an average daily volume of 5,024 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Malaga Financial Price Performance

Shares of OTCMKTS:MLGF traded down $0.01 on Monday, reaching $21.48. 2,046 shares of the company traded hands, compared to its average volume of 2,944. Malaga Financial has a fifty-two week low of $19.10 and a fifty-two week high of $23.40. The company’s 50 day moving average is $21.71 and its 200-day moving average is $21.72. The stock has a market capitalization of $212.70 million, a PE ratio of 9.57 and a beta of 0.08.

Malaga Financial (OTCMKTS:MLGF) last issued its earnings results on Thursday, April 16th. The company reported $0.61 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.