New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Sees Significant Drop in Short Interest

New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,300 shares, a decrease of 63.9% from the August 15th total of 3,600 shares. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is presently 0.1 days.

New Mountain Finance Co. 8.250% Notes due 2028 Stock Performance

Shares of NASDAQ NMFCZ opened at $25.38 on Friday. The company’s 50 day simple moving average is $25.46 and its 200 day simple moving average is $25.42. New Mountain Finance Co. 8.250% Notes due 2028 has a fifty-two week low of $25.09 and a fifty-two week high of $26.20.

New Mountain Finance Co. 8.250% Notes due 2028 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.5156 dividend. This is an increase from New Mountain Finance Co. 8.250% Notes due 2028’s previous quarterly dividend of $0.52. This represents a $2.06 annualized dividend and a yield of 8.1%. The ex-dividend date was Friday, August 1st.