WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Sees Significant Growth in Short Interest

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 3,044 shares, a growth of 90.4% from the September 15th total of 1,599 shares. Based on an average daily volume of 3,027 shares, the short-interest ratio is currently 1.0 days.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Stock Up 0.2%

Shares of WHFCL stock opened at $25.14 on Wednesday. The business has a 50-day moving average price of $25.18 and a two-hundred day moving average price of $25.30. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a 12-month low of $24.97 and a 12-month high of $25.65.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.4922 per share. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Tuesday, September 1st.

WhiteHorse Finance, Inc is a business development company that provides financing to privately owned, middle-market companies. The company primarily invests in senior secured loans and other debt investments, while also making selected subordinated debt and equity investments. Its objective is to generate current income and, to a lesser extent, capital appreciation through a diversified portfolio of corporate investments.

WhiteHorse Finance generally works with companies across a range of industries and seeks investments that may be supported by established operations, experienced management teams, and recurring cash flows.