MidCap Financial Investment Corporation [MFIC] Investment Appeal on the Rise


In a filing, MidCap Financial Investment Corporation revealed its Chief Executive Officer Powell Tanner unloaded Company’s shares for reported $0.1 million on Mar 10. In the deal valued at $12.09 per share,8,277 shares were sold. As a result of this transaction, Powell Tanner now holds 53,606 shares worth roughly $ 0.73 million.

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Then, McNulty Ted Aymond Jr. sold 1,498 shares, generating $18,111 in total proceeds. Upon selling the shares at $12.09, the President now owns 16,966 shares.

Compass Point upgraded its MidCap Financial Investment Corporation [MFIC] rating to a Buy from a a Neutral in a research note published on Friday.

Price Performance Review of MFIC

On Friday, MidCap Financial Investment Corporation [NASDAQ:MFIC] saw its stock jump 0.66% to $13.64. Over the last five days, the stock has gained 3.02%. MidCap Financial Investment Corporation shares have risen nearly 19.65% since the year began. Nevertheless, the stocks have risen 3.57% over the past one year. While a 52-week high of $14.03 was reached on 08/07/23, a 52-week low of $10.06 was recorded on 03/13/23. SMA at 50 days reached $13.21, while 200 days put it at $12.18. A total of 0.14 million shares were traded, compared to the trading of 0.15 million shares in the previous session.

Levels Of Support And Resistance For MFIC Stock

The 24-hour chart illustrates a support level at 13.58, which if violated will result in even more drops to 13.52. On the upside, there is a resistance level at 13.69. A further resistance level may holdings at 13.74. The Relative Strength Index (RSI) on the 14-day chart is 59.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.37%. Stochastics %K at 73.26% indicates the stock is a holding.

How much short interest is there in MidCap Financial Investment Corporation?

A steep rise in short interest was recorded in MidCap Financial Investment Corporation stocks on Aug 14, 2023, dropping by -0.13 million shares to a total of 1.65 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.78 million shares. There was a decline of -7.88%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.56% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.29.


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