Short Interest in Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) Rises By 160.3%

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 12,895 shares, an increase of 160.3% from the November 30th total of 4,953 shares. Based on an average daily trading volume, of 32,725 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 32,725 shares, the short-interest ratio is currently 0.4 days.

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 Stock Up 0.1%

Shares of NASDAQ ATLCZ traded up $0.02 during mid-day trading on Friday, reaching $25.73. 19,393 shares of the company’s stock traded hands, compared to its average volume of 24,977. The business has a 50-day simple moving average of $25.49 and a 200 day simple moving average of $25.37. Atlanticus Holdings Co. 9.25% Senior Notes due 2029 has a 1-year low of $23.40 and a 1-year high of $25.86.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Thursday, January 1st will be issued a dividend of $0.5781 per share. This represents a $2.31 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Wednesday, December 31st.

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.