Sound Point Meridian Capital, Inc. (NYSE:SPMC) Short Interest Up 103.2% in August

Posted by George Bondi on Aug 30th, 2026

Sound Point Meridian Capital, Inc. (NYSE:SPMC – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 133,718 shares, a growth of 103.2% from the July 30th total of 65,804 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 44,814 shares, the days-to-cover ratio is currently 3.0 days.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Alliance Global Partners reaffirmed a “buy” rating on shares of Sound Point Meridian Capital in a report on Wednesday, May 27th. B. Riley Financial reduced their target price on shares of Sound Point Meridian Capital from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. Finally, Zacks Research downgraded shares of Sound Point Meridian Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.12.

Read Our Latest Analysis on SPMC

Sound Point Meridian Capital Stock Up 2.2%

Shares of SPMC traded up $0.21 during trading hours on Friday, hitting $9.55. 17,105 shares of the company were exchanged, compared to its average volume of 35,028. The company has a market cap of $195.78 million, a price-to-earnings ratio of -1.65 and a beta of 1.15. Sound Point Meridian Capital has a fifty-two week low of $8.36 and a fifty-two week high of $18.54. The firm’s fifty day moving average is $9.99 and its 200 day moving average is $10.19.

Sound Point Meridian Capital (NYSE:SPMC – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). The company had revenue of $12.42 million during the quarter, compared to analyst estimates of $14.18 million. Analysts anticipate that Sound Point Meridian Capital will post 1.04 EPS for the current year.

Sound Point Meridian Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a $0.13 dividend. This represents a c) dividend on an annualized basis and a yield of 16.3%. The ex-dividend date of this dividend is Tuesday, December 15th. Sound Point Meridian Capital’s dividend payout ratio (DPR) is -41.52%.

Institutional Investors Weigh In On Sound Point Meridian Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Sound Point Meridian Capital in the 4th quarter valued at $189,000. Citadel Advisors LLC acquired a new position in shares of Sound Point Meridian Capital during the 3rd quarter worth $267,000. Virtus Investment Advisers LLC lifted its position in shares of Sound Point Meridian Capital by 7.5% during the 4th quarter. Virtus Investment Advisers LLC now owns 29,620 shares of the company’s stock worth $407,000 after buying an additional 2,061 shares during the last quarter. Advisory Solutions Group LLC bought a new stake in shares of Sound Point Meridian Capital during the 2nd quarter worth $316,000. Finally, Marshall Wace LLP boosted its stake in Sound Point Meridian Capital by 35.4% in the second quarter. Marshall Wace LLP now owns 77,152 shares of the company’s stock valued at $1,379,000 after buying an additional 20,163 shares in the last quarter.

About Sound Point Meridian Capital

(Get Free Report)

Sound Point Meridian Capital Inc is an externally managed, non-diversified closed-end management investment company. Its investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in third-party collateralized loan obligation equity and mezzanine tranches. Sound Point Meridian Capital Inc is based in NEW YORK.