New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Short Interest Up 22.2% in January

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 4,148 shares, a growth of 22.2% from the January 15th total of 3,395 shares. Based on an average daily trading volume, of 6,669 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 6,669 shares, the days-to-cover ratio is presently 0.6 days.

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

Shares of NMFCZ opened at $25.22 on Thursday. 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 firm has a 50 day simple moving average of $25.37 and a 200-day simple moving average of $25.34.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were given a dividend of $0.5156 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.06 annualized dividend and a yield of 8.2%.

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.