Financial Sector New Lows: Mitsubishi UFJ Financial Group (NYSE:MTU), World Acceptance (NASDAQ:WRLD), China Commercial Credit (NASDAQ:CCCR), Atlanticus Holdings (NASDAQ:ATLC)
Shares of Mitsubishi UFJ Financial (NYSE:MTU) saw a large decrease in short interest during the month of January. As of February 28th, there was short interest totalling 2,337,927 shares, a decrease of 38.5% from the February 14th total of 3,801,712 shares, Analyst RN reports. Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) shares after opening at $5.26 moved to $5.28 on last trade day and at the end of the day closed at $5.26. Company price to sales ratio in past twelve months was calculated as 3.18 and price to cash ratio as 0.13. Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) showed a negative weekly performance of -5.90%.
World Acceptance Corp. (NASDAQ:WRLD), one of the largest high-cost installment lenders in the United States, disclosed that it is the target of an investigation by the federal Consumer Financial Protection Bureau. World Acceptance Corp. (NASDAQ:WRLD) ended the day on $73.99. WRLD return on equity ratio is recorded as 30.10% and its return on assets is 12.20%. World Acceptance Corp. (NASDAQ:WRLD) yearly performance is -9.66%.
China Commercial Credit Inc (NASDAQ:CCCR), the first Chinese microfinance company to list in the United States is planning a host of innovative strategies to increase its market share. China has also taken some steps to regulate private lending and this will boost the company’s prospects. China Commercial Credit Inc (NASDAQ:CCCR) shares moved down -0.85% in last trading session and was closed at $6.13 while trading in range of $6.01 – $6.25. China Commercial Credit Inc (NASDAQ:CCCR) year to date (YTD) performance is -17.72%.
Atlanticus Holdings Corp (NASDAQ:ATLC) weekly performance is -15.26%. On last trading day company shares ended up $2.11. Atlanticus Holdings Corp (NASDAQ:ATLC) distance from 50-day simple moving average (SMA50) is -24.46%. Analysts mean target price for the company is $3.00.