Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) Sees Large Decline in Short Interest

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 2,917 shares, a decrease of 52.9% from the August 15th total of 6,188 shares. Based on an average daily volume of 17,970 shares, the short-interest ratio is currently 0.2 days.

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 Stock Up 0.4%

NASDAQ ATLCZ traded up $0.09 during trading hours on Tuesday, hitting $25.55. The company had a trading volume of 9,935 shares, compared to its average volume of 19,766. Atlanticus Holdings Co. 9.25% Senior Notes due 2029 has a 52 week low of $24.72 and a 52 week high of $25.89. The firm has a 50 day simple moving average of $25.41 and a 200 day simple moving average of $25.41.

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.5781 dividend. This represents a $2.31 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend was Wednesday, July 1st.

Atlanticus Holdings Co is a specialty finance holding company based in Cincinnati, Ohio, that offers a range of consumer credit products and associated servicing activities in the United States. Through its primary operating subsidiaries, CardWorks Servicing LLC and Atlanticus Receivables LLC, the company originates, acquires and services revolving credit card accounts and unsecured installment loans tailored to near-prime and subprime consumers.

Atlanticus’s credit card offerings include a variety of Visa-branded cards marketed through direct-response channels and an extensive network of third-party partners.