Malaga Financial Corp. (OTCMKTS:MLGF) Short Interest Up 33.1% in April

Key Points

• Short interest rose 33.1% to 201 shares as of April 15, but still represents only 0.0% of shares outstanding with a 0.0-day short-interest ratio, indicating the increase is small in absolute terms.
• MLGF opened at $21.50 with a 50-day/200-day moving average of $21.65/$21.80, a market cap of $212.85 million, a P/E of 9.58, a beta of 0.10, and a 12-month range of $19.10–$23.40.
• The company reported quarterly EPS of $0.61 and operates as the holding company for Malaga Bank, offering a range of consumer and commercial banking and lending products.

Malaga Financial Corp. (OTCMKTS:MLGF - Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 201 shares, a growth of 33.1% from the March 31st total of 151 shares. Based on an average trading volume of 4,961 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Malaga Financial Trading Down 0.1%

OTCMKTS:MLGF opened at $21.50 on Wednesday. The stock has a 50-day moving average price of $21.65 and a 200 day moving average price of $21.80. The stock has a market capitalization of $212.85 million, a P/E ratio of 9.58 and a beta of 0.10. Malaga Financial has a 12-month low of $19.10 and a 12-month high of $23.40.

Malaga Financial (OTCMKTS:MLGF - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The company reported $0.61 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.