Short Interest in Malaga Financial Corp. (OTCMKTS:MLGF) Rises By 262.6%

Malaga Financial Corp. (OTCMKTS:MLGF) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 359 shares, a growth of 262.6% from the May 31st total of 99 shares. Based on an average trading volume of 5,024 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Malaga Financial Stock Up 0.1%

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

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

Malaga Financial Company Profile

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.