Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Sees Significant Increase in Short Interest

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 3,957 shares, a growth of 116.3% from the May 14th total of 1,829 shares. Based on an average trading volume of 6,563 shares, the days-to-cover ratio is presently 0.6 days.

Trinity Capital Inc. – 7.875% Notes Due 2029 Stock Performance

NASDAQ TRINI traded up $0.01 on Friday, hitting $25.44. 14,073 shares of the stock were exchanged, compared to its average volume of 12,452. The business’s fifty day moving average is $25.32 and its 200 day moving average is $25.36. Trinity Capital Inc. – 7.875% Notes Due 2029 has a 52 week low of $24.90 and a 52 week high of $25.74.

Trinity Capital Inc. – 7.875% Notes Due 2029 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.4922 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.97 annualized dividend and a dividend yield of 7.7%.

Trinity Capital Inc – 7.875% Notes Due 2029 (NASDAQ:TRINI) constitute a series of senior unsecured debt securities issued by Trinity Capital Inc in early 2024. The notes carry an annual interest rate of 7.875%, payable quarterly, and mature on March 15, 2029. As unsecured obligations, they rank equally with the company’s other senior unsecured indebtedness.

Trinity Capital Inc operates as a business development company (BDC) under the Investment Company Act of 1940, providing flexible debt and equity financing solutions to venture capital- and private equity-backed growth-stage companies.