WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Sees Significant Decline in Short Interest

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 1,713 shares, a decline of 45.6% from the December 31st total of 3,151 shares. Based on an average daily volume of 2,629 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 2,629 shares, the days-to-cover ratio is presently 0.7 days.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Trading Up 0.1%

Shares of WhiteHorse Finance, Inc. 7.875% Notes due 2028 stock opened at $25.42 on Friday. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a 12-month low of $25.00 and a 12-month high of $25.68. The firm’s 50-day moving average price is $25.25 and its two-hundred day moving average price is $25.28.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.4922 per share. The ex-dividend date was Monday, December 1st. This represents a $1.97 annualized dividend and a dividend yield of 7.7%.

WhiteHorse Finance, Inc 7.875% Notes due 2028 (NASDAQ: WHFCL) are senior unsecured obligations of WhiteHorse Finance, Inc, an externally managed business development company (BDC). These notes carry a fixed interest rate of 7.875% per annum and mature in 2028. They were issued to provide the company with long-term capital to support its lending activities and general corporate purposes, ranking equally with all other unsecured and unsubordinated debt of the issuer.

WhiteHorse Finance, Inc operates as a closed-end BDC, investing primarily in first-lien secured loans, unitranche and second-lien debt instruments, as well as select equity co-investments in U.S.