MidCap Financial Investment Co. (NASDAQ:MFICL) Short Interest Update

MidCap Financial Investment Co. (NASDAQ:MFICL) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 137 shares, an increase of 1,041.7% from the May 14th total of 12 shares. Based on an average daily trading volume, of 4,676 shares, the days-to-cover ratio is currently 0.0 days.

MidCap Financial Investment Stock Performance

Shares of NASDAQ:MFICL traded up $0.05 during trading on Wednesday, hitting $25.49. 5,448 shares of the company’s stock were exchanged, compared to its average volume of 6,626. The business’s 50-day simple moving average is $25.35 and its 200 day simple moving average is $25.30. MidCap Financial Investment has a 52-week low of $25.00 and a 52-week high of $25.69.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.8%. The ex-dividend date is Monday, June 1st.

MidCap Financial Investment Company Profile

MidCap Financial Investment (NASDAQ: MFICL) is an externally managed business development company that provides customized financing solutions to privately held, lower middle-market companies in the United States. The company has elected to be treated as a business development company under the Investment Company Act of 1940 and is advised by MidCap Financial LLC, a specialized private credit investment firm.

The firm’s investment strategy centers on debt and equity financings, including senior secured loans, unitranche structures, mezzanine debt and equity co-investments.