Atlanticus Holdings Co. (NASDAQ:ATLCP) Short Interest Down 74.0% in July

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 510 shares, a drop of 74.0% from the June 30th total of 1,962 shares. Based on an average daily volume of 4,606 shares, the days-to-cover ratio is currently 0.1 days.

Atlanticus Price Performance

ATLCP stock remained flat at $24.49 on Friday. The company had a trading volume of 4,165 shares, compared to its average volume of 5,748. Atlanticus has a 1 year low of $20.46 and a 1 year high of $25.00. The stock’s 50-day simple moving average is $24.19 and its 200 day simple moving average is $23.96.

Atlanticus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.4766 dividend. This represents a $1.91 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Monday, June 1st.

About Atlanticus

Atlanticus Holdings Corporation, through its subsidiaries, provides consumer financial products and services in the United States. The company specializes in originating, underwriting and servicing unsecured credit card receivables for non-prime consumers nationwide. Atlanticus partners with independent sales organizations and program managers to deliver private-label and co-branded credit card programs under the Mastercard and Visa networks.

Beyond card issuance, Atlanticus operates a technology-driven servicing platform that manages billing, collections and customer support for both proprietary and third-party credit programs.