Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Sees Large Growth in Short Interest

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,957 shares, an increase of 116.3% from the May 14th total of 1,829 shares. Based on an average trading volume of 6,563 shares, the days-to-cover ratio is presently 0.6 days.

Trinity Capital Inc. – 7.875% Notes Due 2029 Stock Up 0.0%

NASDAQ TRINI opened at $25.44 on Friday. Trinity Capital Inc. – 7.875% Notes Due 2029 has a 52 week low of $24.90 and a 52 week high of $25.74. The company has a 50-day moving average price of $25.32 and a 200-day moving average price of $25.36.

Trinity Capital Inc. – 7.875% Notes Due 2029 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.4922 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.97 annualized dividend and a dividend yield of 7.7%.

Trinity Capital Inc – 7.875% Notes Due 2029 (NASDAQ:TRINI) constitute a series of senior unsecured debt securities issued by Trinity Capital Inc in early 2024. The notes carry an annual interest rate of 7.875%, payable quarterly, and mature on March 15, 2029. As unsecured obligations, they rank equally with the company’s other senior unsecured indebtedness.

Trinity Capital Inc operates as a business development company (BDC) under the Investment Company Act of 1940, providing flexible debt and equity financing solutions to venture capital- and private equity-backed growth-stage companies.