WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Short Interest Update

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 3,151 shares, an increase of 979.1% from the December 15th total of 292 shares. Based on an average daily trading volume, of 2,130 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 2,130 shares, the short-interest ratio is currently 1.5 days.

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

NASDAQ:WHFCL traded up $0.32 during trading hours on Monday, hitting $25.53. 7,864 shares of the company traded hands, compared to its average volume of 3,894. The firm has a 50-day moving average of $25.25 and a 200 day moving average of $25.26. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a twelve month low of $25.00 and a twelve month high of $25.68.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.4922 per share. This represents a $1.97 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, December 1st.

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.