New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Sees Significant Growth in Short Interest

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZGet Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 22,800 shares, a growth of 117.1% from the February 28th total of 10,500 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is currently 2.6 days.

New Mountain Finance Co. 8.250% Notes due 2028 Stock Performance

NASDAQ NMFCZ opened at $25.36 on Friday. The stock’s 50-day simple moving average is $25.49 and its two-hundred day simple moving average is $25.61. New Mountain Finance Co. 8.250% Notes due 2028 has a twelve month low of $24.95 and a twelve month high of $26.20.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were issued a dividend of $0.5156 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.13%.

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