PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) Short Interest Up 92.1% in June

PhenixFIN Co. 5.25% Notes due 2028 (NASDAQ:PFXNZ) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,696 shares, an increase of 92.1% from the June 15th total of 883 shares. Based on an average daily trading volume, of 490 shares, the short-interest ratio is currently 3.5 days.

PhenixFIN Co. 5.25% Notes due 2028 Stock Performance

Shares of PFXNZ stock opened at $23.95 on Friday. PhenixFIN Co. 5.25% Notes due 2028 has a 1-year low of $23.25 and a 1-year high of $24.20. The business has a 50-day moving average of $23.91 and a 200 day moving average of $23.84.

PhenixFIN Co. 5.25% Notes due 2028 Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a $0.3245 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.30 annualized dividend and a yield of 5.4%.

PhenixFIN Co. 5.25% Notes due 2028 Company Profile

The PhenixFIN Co 5.25% Notes due 2028 (NASDAQ: PFXNZ) are senior unsecured debt securities issued by PhenixFIN Co, an indirect wholly-owned subsidiary of PhenixFIN Corporation. These fixed-rate notes pay interest semi-annually at a rate of 5.25% and mature on September 6, 2028. They trade on the NASDAQ Capital Market under the ticker PFXNZ, offering investors exposure to the growth of a specialist finance company through a publicly listed bond.

PhenixFIN Corporation is a fintech-driven specialty finance platform that provides receivables financing solutions to small and medium-sized enterprises in the United States.