MidCap Financial Investment Co. (NASDAQ:MFICL) Sees Significant Drop in Short Interest

MidCap Financial Investment Co. (NASDAQ:MFICL) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 454 shares, a drop of 63.6% from the August 31st total of 1,248 shares. Based on an average daily trading volume, of 11,114 shares, the days-to-cover ratio is presently 0.0 days.

MidCap Financial Investment Price Performance

MFICL stock traded down $0.02 during trading on Tuesday, reaching $25.14. 10,613 shares of the company were exchanged, compared to its average volume of 6,207. The company has a 50-day moving average of $25.30 and a two-hundred day moving average of $25.32. MidCap Financial Investment has a twelve month low of $25.00 and a twelve month high of $25.60.

MidCap Financial Investment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend was Tuesday, September 1st.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation is a business development company that provides financing to middle-market companies. The company primarily invests in privately negotiated debt securities, including senior secured loans, subordinated debt and other forms of credit, and may also make equity investments in portfolio companies.

Its investment strategy is focused on supporting companies across a range of industries, generally through directly originated transactions and other private-market opportunities.