Malaga Financial Corp. (OTCMKTS:MLGF) Short Interest Up 262.6% in June

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

Malaga Financial Stock Performance

Shares of MLGF traded up $0.03 during mid-day trading on Friday, reaching $21.50. The company had a trading volume of 1,724 shares, compared to its average volume of 2,613. The company has a market capitalization of $212.85 million, a price-to-earnings ratio of 9.58 and a beta of 0.08. The company’s 50 day simple moving average is $21.71 and its 200 day simple moving average is $21.73. Malaga Financial has a 1-year low of $19.10 and a 1-year high of $23.40.

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