WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Short Interest Update

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 2,802 shares, an increase of 124.9% from the April 15th total of 1,246 shares. Based on an average daily trading volume, of 2,741 shares, the days-to-cover ratio is presently 1.0 days.

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

WHFCL stock opened at $25.61 on Friday. The business’s 50-day simple moving average is $25.32 and its 200 day simple moving average is $25.31. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a twelve month low of $24.99 and a twelve month high of $25.65.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Sunday, March 1st were issued a dividend of $0.4922 per share. This represents a $1.97 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend was Friday, February 27th.

WhiteHorse Finance, Inc 7.875% Notes due 2028 (NASDAQ: WHFCL) are senior unsecured obligations of WhiteHorse Finance, Inc, an externally managed business development company (BDC). These notes carry a fixed interest rate of 7.875% per annum and mature in 2028. They were issued to provide the company with long-term capital to support its lending activities and general corporate purposes, ranking equally with all other unsecured and unsubordinated debt of the issuer.

WhiteHorse Finance, Inc operates as a closed-end BDC, investing primarily in first-lien secured loans, unitranche and second-lien debt instruments, as well as select equity co-investments in U.S.