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

MidCap Financial Investment Co. (NASDAQ:MFICL) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 104 shares, a decrease of 90.8% from the July 15th total of 1,131 shares. Based on an average daily volume of 2,685 shares, the days-to-cover ratio is currently 0.0 days.

MidCap Financial Investment Stock Performance

NASDAQ:MFICL remained flat at $25.40 during mid-day trading on Wednesday. The company’s stock had a trading volume of 1,446 shares, compared to its average volume of 5,721. MidCap Financial Investment has a 1 year low of $25.00 and a 1 year high of $25.69. The company has a fifty day moving average price of $25.35 and a two-hundred day moving average price of $25.34.

MidCap Financial Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.9%.

About MidCap Financial Investment

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.