Malaga Financial Corp. (OTCMKTS:MLGF) Short Interest Down 53.6% in August

Malaga Financial Corp. (OTCMKTS:MLGF) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 193 shares, a decline of 53.6% from the July 30th total of 416 shares. Based on an average daily trading volume, of 10,070 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Malaga Financial Stock Performance

OTCMKTS:MLGF traded down $0.05 during mid-day trading on Friday, hitting $22.45. 372 shares of the company’s stock traded hands, compared to its average volume of 2,907. The company has a fifty day moving average of $22.06 and a 200 day moving average of $21.83. Malaga Financial has a twelve month low of $19.27 and a twelve month high of $23.45. The company has a market capitalization of $222.14 million, a P/E ratio of 9.92 and a beta of 0.08.

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