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

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 5,200 shares, a drop of 55.6% from the October 31st total of 11,700 shares. Based on an average daily volume of 4,700 shares, the short-interest ratio is currently 1.1 days.

Atlanticus Stock Performance

NASDAQ:ATLCP traded up $0.24 during mid-day trading on Thursday, hitting $24.08. 4,783 shares of the company traded hands, compared to its average volume of 7,484. The stock’s fifty day moving average price is $23.06 and its 200-day moving average price is $22.88. Atlanticus has a one year low of $20.54 and a one year high of $24.80.

Atlanticus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Sunday, December 1st will be issued a $0.4766 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.91 dividend on an annualized basis and a yield of 7.92%.

About Atlanticus

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.