New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Sees Significant Decline in Short Interest

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZGet Free Report) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 4,300 shares, a drop of 47.6% from the December 31st total of 8,200 shares. Based on an average daily volume of 9,700 shares, the days-to-cover ratio is currently 0.4 days.

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

Shares of NMFCZ stock traded down $0.49 during trading hours on Friday, reaching $25.26. 9,599 shares of the company were exchanged, compared to its average volume of 9,090. New Mountain Finance Co. 8.250% Notes due 2028 has a fifty-two week low of $24.95 and a fifty-two week high of $26.29. The stock’s fifty day moving average is $25.62 and its two-hundred day moving average is $25.62.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a $0.5156 dividend. The ex-dividend date is Friday, January 31st. This represents a $2.06 dividend on an annualized basis and a yield of 8.17%.

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