Malaga Financial Corp. (OTCMKTS:MLGF) Short Interest Down 53.6% in August

Malaga Financial Corp. (OTCMKTS:MLGF) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 193 shares, a decline of 53.6% from the July 30th total of 416 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,070 shares, the days-to-cover ratio is currently 0.0 days.

Malaga Financial Price Performance

OTCMKTS:MLGF remained flat at $22.45 during trading hours on Monday. The company’s stock had a trading volume of 372 shares, compared to its average volume of 2,906. The business has a 50 day simple moving average of $22.06 and a 200-day simple moving average of $21.83. Malaga Financial has a 52-week low of $19.27 and a 52-week high of $23.45. The firm has a market cap of $222.25 million, a price-to-earnings ratio of 9.92 and a beta of 0.08.

Malaga Financial (OTCMKTS:MLGF) last issued its quarterly earnings data on Friday, July 10th. The company reported $0.58 earnings per share (EPS) for the quarter.

About Malaga Financial

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.