New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Short Interest Up 130.0% in August

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,436 shares, an increase of 130.0% from the August 15th total of 1,059 shares. Based on an average trading volume of 7,495 shares, the days-to-cover ratio is presently 0.3 days.

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

NASDAQ:NMFCZ opened at $25.19 on Monday. The stock’s fifty day moving average is $25.31 and its two-hundred day moving average is $25.33. New Mountain Finance Co. 8.250% Notes due 2028 has a 52 week low of $25.00 and a 52 week high of $25.68.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a $0.5156 dividend. This represents a $2.06 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend was Friday, July 31st.

New Mountain Finance Co 8.250% Notes due 2028 (NASDAQ: NMFCZ) are senior unsecured debt securities issued by New Mountain Finance Corporation, a closed-end business development company. These notes pay a fixed annual interest rate of 8.25%, with interest typically paid quarterly and a maturity date in 2028. The securities are listed on the NASDAQ Capital Market, offering investors a fixed-income instrument tied to the performance of the issuer’s diversified investment portfolio.

New Mountain Finance Corporation focuses on making debt and equity investments in middle-market companies across a range of sectors, including business services, healthcare, software, and specialty finance.