Short Interest in New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Rises By 136.8%

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

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

NMFCZ stock traded down $0.43 during mid-day trading on Friday, hitting $25.14. The stock had a trading volume of 24,891 shares, compared to its average volume of 8,755. New Mountain Finance Co. 8.250% Notes due 2028 has a 1-year low of $25.01 and a 1-year high of $25.82. The company has a fifty day moving average of $25.39 and a 200 day moving average of $25.39.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be given a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Friday, January 30th.

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.