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

Malaga Financial Co. (OTCMKTS:MLGF - Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 700 shares, a decrease of 46.2% from the September 30th total of 1,300 shares. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is presently 0.1 days.

Malaga Financial Stock Performance

Malaga Financial stock remained flat at $22.90 during trading hours on Friday. The company's stock had a trading volume of 1 shares, compared to its average volume of 3,865. The company has a market capitalization of $205.64 million, a PE ratio of 8.91 and a beta of 0.49. The business has a 50 day moving average of $22.75 and a 200 day moving average of $22.70. Malaga Financial has a 1 year low of $21.38 and a 1 year high of $23.90.

Malaga Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 20th were paid a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 4.37%. Malaga Financial's dividend payout ratio is 38.91%.

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.