WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Short Interest Up 979.1% in December

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) was the recipient of a significant increase in short interest during 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 trading volume of 2,130 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 2,130 shares, the short-interest ratio is currently 1.5 days.

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

Shares of WHFCL stock opened at $25.37 on Wednesday. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a twelve month low of $25.00 and a twelve month high of $25.68. The stock’s fifty day simple moving average is $25.26 and its 200 day simple moving average is $25.26.

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 paid a $0.4922 dividend. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.8%. 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.