Malaga Financial Corp. (OTCMKTS:MLGF) Short Interest Update

Key Points

• Malaga Financial Corp. experienced a significant increase in short interest, rising from 100 shares to 1,100 shares, marking a 1,000% increase in just two weeks.
• The company announced a quarterly dividend of $0.25 per share, resulting in an annualized yield of 5.0% with a payout ratio of 43.29%.
• As of Thursday, shares of Malaga Financial traded at $20.19, reflecting a slight decline during trading hours.

Malaga Financial Corp. (OTCMKTS:MLGF - Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,100 shares, agrowthof1,000.0% from the July 15th total of 100 shares. Based on an average trading volume of 2,100 shares, the short-interest ratio is presently 0.5 days. Approximately0.0% of the shares of the company are sold short. Approximately0.0% of the shares of the company are sold short. Based on an average trading volume of 2,100 shares, the short-interest ratio is presently 0.5 days.

Malaga Financial Price Performance

MLGF traded up $0.02 on Tuesday, reaching $20.18. 486 shares of the stock were exchanged, compared to its average volume of 1,644. Malaga Financial has a fifty-two week low of $20.10 and a fifty-two week high of $23.75. The company's 50-day moving average price is $20.42 and its 200 day moving average price is $20.68. The firm has a market capitalization of $190.10 million, a PE ratio of 8.73 and a beta of 0.14.

Malaga Financial (OTCMKTS:MLGF - Get Free Report) last posted its earnings results on Wednesday, July 16th. The company reported $0.59 earnings per share for the quarter.

Malaga Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 23rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.0%. Malaga Financial's dividend payout ratio (DPR) is currently 43.29%.

Malaga Financial Company Profile

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.