New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Short Interest Up 130.0% in August

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,436 shares, a growth of 130.0% from the August 15th total of 1,059 shares. Based on an average trading volume of 7,495 shares, the short-interest ratio is currently 0.3 days.

New Mountain Finance Co. 8.250% Notes due 2028 Trading Up 0.0%

Shares of NMFCZ opened at $25.19 on Monday. New Mountain Finance Co. 8.250% Notes due 2028 has a 52-week low of $25.00 and a 52-week high of $25.68. The company has a 50-day simple moving average of $25.31 and a 200-day simple moving average of $25.33.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a dividend of $0.5156 per share. The ex-dividend date was Friday, July 31st. This represents a $2.06 dividend on an annualized basis 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.