Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) Sees Significant Decline in Short Interest

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 (NASDAQ:ATLCL) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,729 shares, a drop of 43.7% from the May 31st total of 3,071 shares. Based on an average trading volume of 5,621 shares, the days-to-cover ratio is presently 0.3 days.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Stock Down 0.1%

Shares of Atlanticus Holdings Co. 6.125% Senior Notes due 2026 stock traded down $0.03 during trading on Thursday, hitting $25.20. 1,002 shares of the stock were exchanged, compared to its average volume of 16,269. The company has a fifty day moving average price of $25.11 and a 200-day moving average price of $24.98. Atlanticus Holdings Co. 6.125% Senior Notes due 2026 has a 1-year low of $24.17 and a 1-year high of $25.44.

Atlanticus Holdings Co. 6.125% Senior Notes due 2026 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were issued a dividend of $0.3828 per share. The ex-dividend date was Wednesday, April 15th. This represents a $1.53 dividend on an annualized basis and a yield of 6.1%.

About Atlanticus Holdings Co. 6.125% Senior Notes due 2026

Atlanticus Holdings Co, together with its subsidiaries, provides consumer financial services, specializing in private-label credit and loyalty programs, installment loans and payment solutions. The company partners with banks and retail and service-based merchants—including automotive dealerships, furniture retailers and healthcare providers—to underwrite and administer credit products that cater to consumers with less-established credit histories.

Headquartered in Atlanta, Georgia, Atlanticus leverages proprietary underwriting technology to originate, acquire and service installment loans through its direct-to-consumer online platform, and manages portfolio servicing for co-branded credit card programs across the United States.