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

MidCap Financial Investment Co. (NASDAQ:MFICL) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 4,700 shares, a decline of 24.2% from the August 15th total of 6,200 shares. Based on an average daily trading volume, of 13,500 shares, the days-to-cover ratio is currently 0.3 days.

MidCap Financial Investment Stock Performance

Shares of NASDAQ MFICL opened at $25.45 on Monday. MidCap Financial Investment has a 12-month low of $24.88 and a 12-month high of $25.74. The stock has a fifty day moving average price of $25.37 and a 200 day moving average price of $25.35.

MidCap Financial Investment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend was Friday, August 30th.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.