Atlanticus Holdings Co. (NASDAQ:ATLCP) Sees Significant Growth in Short Interest

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 27,900 shares, a growth of 830.0% from the February 29th total of 3,000 shares. Based on an average trading volume of 15,300 shares, the short-interest ratio is currently 1.8 days.

Atlanticus Stock Up 0.9 %

Shares of ATLCP opened at $23.70 on Friday. The stock’s 50 day moving average is $22.64 and its two-hundred day moving average is $21.62. Atlanticus has a twelve month low of $16.30 and a twelve month high of $24.80.

Atlanticus Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date was Thursday, February 29th.

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.