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

MidCap Financial Investment Co. (NASDAQ:MFICL) saw a large increase in short interest during the month of 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

MFICL traded down $0.03 during trading hours on Thursday, hitting $25.41. 1,584 shares of the stock were exchanged, compared to its average volume of 6,569. The stock has a 50-day simple moving average of $25.35 and a 200-day simple moving average of $25.30. MidCap Financial Investment has a 12 month low of $25.00 and a 12 month high of $25.69.

MidCap Financial Investment Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.00 annualized dividend and a yield of 7.9%.

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.