Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Short Interest Update

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,829 shares, a drop of 48.9% from the April 30th total of 3,582 shares. Based on an average daily trading volume, of 10,595 shares, the short-interest ratio is presently 0.2 days.

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

Shares of NASDAQ TRINI traded down $0.04 during trading hours on Wednesday, hitting $25.44. 5,673 shares of the stock were exchanged, compared to its average volume of 12,729. Trinity Capital Inc. – 7.875% Notes Due 2029 has a 1-year low of $24.90 and a 1-year high of $25.74. The company’s fifty day simple moving average is $25.25 and its two-hundred day simple moving average is $25.37.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Sunday, March 15th were given a $0.4922 dividend. The ex-dividend date of this dividend was Friday, March 13th. 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.