WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Short Interest Down 67.3% in March

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 284 shares, a drop of 67.3% from the February 26th total of 869 shares. Based on an average daily trading volume, of 3,048 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 3,048 shares, the days-to-cover ratio is presently 0.1 days.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Stock Performance

Shares of NASDAQ:WHFCL opened at $25.15 on Wednesday. The company has a fifty day simple moving average of $25.31 and a 200 day simple moving average of $25.26. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a 12-month low of $24.99 and a 12-month high of $25.60.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Sunday, March 1st were issued a dividend of $0.4922 per share. This represents a $1.97 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Friday, February 27th.

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.