MidCap Financial Investment Co. (NASDAQ:MFICL) Sees Large Decrease in Short Interest

MidCap Financial Investment Co. (NASDAQ:MFICL) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 12 shares, a decline of 99.6% from the April 30th total of 3,123 shares. Based on an average daily volume of 9,017 shares, the short-interest ratio is currently 0.0 days.

MidCap Financial Investment Price Performance

MFICL stock traded up $0.08 during mid-day trading on Wednesday, reaching $25.61. 7,396 shares of the company traded hands, compared to its average volume of 6,402. MidCap Financial Investment has a fifty-two week low of $25.00 and a fifty-two week high of $25.69. The firm’s 50 day moving average price is $25.34 and its 200 day moving average price is $25.31.

MidCap Financial Investment Dividend Announcement

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

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.