WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Short Interest Up 3,675.8% in April

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 1,246 shares, a growth of 3,675.8% from the March 31st total of 33 shares. Based on an average trading volume of 2,621 shares, the short-interest ratio is presently 0.5 days.

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

NASDAQ:WHFCL opened at $25.46 on Friday. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a 52 week low of $24.99 and a 52 week high of $25.60. The firm has a 50 day moving average of $25.28 and a 200 day moving average of $25.28.

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

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Sunday, March 1st were given a dividend of $0.4922 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.97 dividend on an annualized basis and a yield of 7.7%.

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.