New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ – Get Free Report) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 10,500 shares, a growth of 34.6% from the February 13th total of 7,800 shares. Based on an average daily trading volume, of 8,300 shares, the days-to-cover ratio is currently 1.3 days.
New Mountain Finance Co. 8.250% Notes due 2028 Price Performance
Shares of NASDAQ:NMFCZ traded down $0.21 during midday trading on Tuesday, reaching $25.35. The company had a trading volume of 755 shares, compared to its average volume of 13,580. The company’s 50 day moving average price is $25.51 and its 200 day moving average price is $25.62. New Mountain Finance Co. 8.250% Notes due 2028 has a 52-week low of $24.95 and a 52-week high of $26.20.
New Mountain Finance Co. 8.250% Notes due 2028 Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date of this dividend was Friday, January 31st.
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