Short Interest in MidCap Financial Investment Co. (NASDAQ:MFICL) Drops By 90.8%

MidCap Financial Investment Co. (NASDAQ:MFICL) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 104 shares, a decline of 90.8% from the July 15th total of 1,131 shares. Based on an average daily trading volume, of 2,685 shares, the days-to-cover ratio is presently 0.0 days.

MidCap Financial Investment Price Performance

NASDAQ:MFICL traded up $0.08 on Thursday, reaching $25.48. 2,947 shares of the company’s stock were exchanged, compared to its average volume of 5,702. MidCap Financial Investment has a 52 week low of $25.00 and a 52 week high of $25.69. The stock has a fifty day simple moving average of $25.35 and a 200-day simple moving average of $25.34.

MidCap Financial Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.00 annualized dividend and a yield of 7.9%.

MidCap Financial Investment Company Profile

MidCap Financial Investment (NASDAQ: MFICL) is an externally managed business development company that provides customized financing solutions to privately held, lower middle-market companies in the United States. The company has elected to be treated as a business development company under the Investment Company Act of 1940 and is advised by MidCap Financial LLC, a specialized private credit investment firm.

The firm’s investment strategy centers on debt and equity financings, including senior secured loans, unitranche structures, mezzanine debt and equity co-investments.