WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Short Interest Update

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 2,802 shares, a growth of 124.9% from the April 15th total of 1,246 shares. Based on an average daily volume of 2,741 shares, the short-interest ratio is currently 1.0 days.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Trading Up 0.4%

WhiteHorse Finance, Inc. 7.875% Notes due 2028 stock opened at $25.61 on Friday. The business’s 50-day simple moving average is $25.32 and its 200-day simple moving average is $25.31. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a 52 week low of $24.99 and a 52 week high of $25.65.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Sunday, March 1st were paid a $0.4922 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.7%.

WhiteHorse Finance, Inc 7.875% Notes due 2028 (NASDAQ: WHFCL) are senior unsecured obligations of WhiteHorse Finance, Inc, an externally managed business development company (BDC). These notes carry a fixed interest rate of 7.875% per annum and mature in 2028. They were issued to provide the company with long-term capital to support its lending activities and general corporate purposes, ranking equally with all other unsecured and unsubordinated debt of the issuer.

WhiteHorse Finance, Inc operates as a closed-end BDC, investing primarily in first-lien secured loans, unitranche and second-lien debt instruments, as well as select equity co-investments in U.S.