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

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 3,044 shares, an increase of 90.4% from the September 15th total of 1,599 shares. Based on an average daily trading volume, of 3,027 shares, the short-interest ratio is currently 1.0 days.

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

NASDAQ WHFCL opened at $25.14 on Wednesday. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a 1-year low of $24.97 and a 1-year high of $25.65. The stock has a 50-day moving average of $25.18 and a 200-day moving average of $25.30.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.4922 dividend. This represents a $1.97 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Tuesday, September 1st.

WhiteHorse Finance, Inc is a business development company that provides financing to privately owned, middle-market companies. The company primarily invests in senior secured loans and other debt investments, while also making selected subordinated debt and equity investments. Its objective is to generate current income and, to a lesser extent, capital appreciation through a diversified portfolio of corporate investments.

WhiteHorse Finance generally works with companies across a range of industries and seeks investments that may be supported by established operations, experienced management teams, and recurring cash flows.