New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Short Interest Update

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 3,395 shares, a growth of 136.8% from the December 31st total of 1,434 shares. Based on an average daily trading volume, of 9,971 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 9,971 shares, the days-to-cover ratio is currently 0.3 days.

New Mountain Finance Co. 8.250% Notes due 2028 Stock Performance

NASDAQ NMFCZ traded up $0.03 on Thursday, hitting $25.57. 2,344 shares of the stock were exchanged, compared to its average volume of 7,908. The business’s fifty day moving average is $25.39 and its 200 day moving average is $25.39. New Mountain Finance Co. 8.250% Notes due 2028 has a 52 week low of $25.01 and a 52 week high of $25.83.

New Mountain Finance Co. 8.250% Notes due 2028 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be issued a dividend of $0.5156 per share. The ex-dividend date is Friday, January 30th. This represents a $2.06 dividend on an annualized basis and a yield of 8.1%.

New Mountain Finance Co 8.250% Notes due 2028 (NASDAQ: NMFCZ) are senior unsecured debt securities issued by New Mountain Finance Corporation, a closed-end business development company. These notes pay a fixed annual interest rate of 8.25%, with interest typically paid quarterly and a maturity date in 2028. The securities are listed on the NASDAQ Capital Market, offering investors a fixed-income instrument tied to the performance of the issuer’s diversified investment portfolio.

New Mountain Finance Corporation focuses on making debt and equity investments in middle-market companies across a range of sectors, including business services, healthcare, software, and specialty finance.