WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Short Interest Up 124.9% in April

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 2,802 shares, a growth of 124.9% from the April 15th total of 1,246 shares. Based on an average daily trading volume, of 2,741 shares, the days-to-cover ratio is currently 1.0 days.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Price Performance

Shares of NASDAQ WHFCL traded up $0.10 during mid-day trading on Friday, hitting $25.61. The company had a trading volume of 351 shares, compared to its average volume of 3,247. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a 1 year low of $24.99 and a 1 year high of $25.65. The stock’s 50-day moving average price is $25.32 and its 200-day moving average price is $25.31.

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

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Sunday, March 1st were given a dividend of $0.4922 per share. The ex-dividend date was Friday, February 27th. This represents a $1.97 annualized dividend and a yield of 7.7%.

WhiteHorse Finance, Inc 7.875% Notes due 2028 (NASDAQ: WHFCL) are senior unsecured obligations of WhiteHorse Finance, Inc, an externally managed business development company (BDC). These notes carry a fixed interest rate of 7.875% per annum and mature in 2028. They were issued to provide the company with long-term capital to support its lending activities and general corporate purposes, ranking equally with all other unsecured and unsubordinated debt of the issuer.

WhiteHorse Finance, Inc operates as a closed-end BDC, investing primarily in first-lien secured loans, unitranche and second-lien debt instruments, as well as select equity co-investments in U.S.