Malaga Financial Corp. (OTCMKTS:MLGF) Sees Large Drop in Short Interest

Key Points

• Malaga Financial Corp. experienced a significant 50% drop in short interest for September, with only 100 shares being shorted compared to 200 shares earlier in the month.
• The company recently declared a quarterly dividend of $0.25 per share, resulting in an annualized yield of 4.7% and a payout ratio of 43.48%.
• Malaga Financial's stock reached $21.50 during trading hours on Monday, reflecting an increase of 0.4% from prior values.

Malaga Financial Corp. (OTCMKTS:MLGF - Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 100 shares, a drop of 50.0% from the September 15th total of 200 shares. Based on an average trading volume of 3,700 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 3,700 shares, the days-to-cover ratio is presently 0.0 days.

Malaga Financial Trading Up 0.4%

Malaga Financial stock traded up $0.09 during trading hours on Monday, reaching $21.50. 2,500 shares of the stock were exchanged, compared to its average volume of 2,590. The company has a market cap of $202.53 million, a P/E ratio of 9.35 and a beta of 0.13. Malaga Financial has a twelve month low of $20.05 and a twelve month high of $23.75. The stock has a 50 day moving average of $20.56 and a two-hundred day moving average of $20.57.

Malaga Financial (OTCMKTS:MLGF - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The company reported $0.58 earnings per share for the quarter.

Malaga Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 23rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.7%. Malaga Financial's dividend payout ratio (DPR) is presently 43.48%.

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.

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