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

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 9,588 shares, a decrease of 25.6% from the December 15th total of 12,895 shares. Based on an average daily trading volume, of 21,462 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 21,462 shares, the short-interest ratio is presently 0.4 days.

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 Price Performance

NASDAQ ATLCZ opened at $25.52 on Monday. Atlanticus Holdings Co. 9.25% Senior Notes due 2029 has a 52-week low of $23.40 and a 52-week high of $25.86. The business’s 50-day moving average price is $25.48 and its 200 day moving average price is $25.42.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Thursday, January 1st were issued a $0.5781 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.31 dividend on an annualized basis and a dividend yield of 9.1%.

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.