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

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

Malaga Financial Trading Down 0.2%

Shares of OTCMKTS:MLGF traded down $0.05 on Friday, hitting $22.45. 372 shares of the company were exchanged, compared to its average volume of 2,907. The firm has a market capitalization of $222.14 million, a P/E ratio of 9.92 and a beta of 0.08. Malaga Financial has a 1-year low of $19.27 and a 1-year high of $23.45. The stock’s 50 day moving average price is $22.06 and its 200 day moving average price is $21.83.

Malaga Financial (OTCMKTS:MLGF) last released its earnings results 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.