Short Interest in MidCap Financial Investment Co. (NASDAQ:MFICL) Rises By 318.9%

MidCap Financial Investment Co. (NASDAQ:MFICL) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,131 shares, an increase of 318.9% from the June 30th total of 270 shares. Based on an average daily volume of 2,468 shares, the days-to-cover ratio is currently 0.5 days.

MidCap Financial Investment Trading Up 0.2%

Shares of MFICL opened at $25.39 on Friday. MidCap Financial Investment has a 52-week low of $25.00 and a 52-week high of $25.69. The company has a 50-day simple moving average of $25.38 and a 200-day simple moving average of $25.33.

MidCap Financial Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.00 dividend on an annualized basis 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.