Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) Short Interest Update

Atlanticus Holdings Co. 9.25% Senior Notes due 2029 (NASDAQ:ATLCZ) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 37,979 shares, an increase of 352.2% from the June 15th total of 8,399 shares. Based on an average daily volume of 22,734 shares, the short-interest ratio is presently 1.7 days.

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

Shares of ATLCZ opened at $25.39 on Tuesday. The business’s 50-day moving average price is $25.50 and its 200 day moving average price is $25.46. Atlanticus Holdings Co. 9.25% Senior Notes due 2029 has a 1-year low of $24.72 and a 1-year high of $25.89.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be issued a $0.5781 dividend. This represents a $2.31 annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Wednesday, July 1st.

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.