Atlanticus Holdings Co. (NASDAQ:ATLCP) Sees Significant Increase in Short Interest

Atlanticus Holdings Co. (NASDAQ:ATLCP) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 11,700 shares, a growth of 1,850.0% from the October 15th total of 600 shares. Based on an average trading volume of 5,000 shares, the days-to-cover ratio is currently 2.3 days.

Atlanticus Price Performance

ATLCP stock opened at $23.76 on Thursday. The stock’s 50 day simple moving average is $22.89 and its 200 day simple moving average is $22.82. Atlanticus has a 12-month low of $20.00 and a 12-month high of $24.80.

About Atlanticus

Atlanticus Holdings Corporation, a financial technology company, provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, and home-improvements by partnering with retailers, healthcare providers, and other service providers.