Whitehorse Finance Incorporated (NASDAQ:WHF) Shorts Decreased by 8.04% After Short Covering

The stock of Whitehorse Finance Incorporated (NASDAQ:WHF) registered a decrease of 8.04% in short interest. WHF’s total short interest was 10,300 shares in September as published by FINRA. Its down 8.04% from 11,200 shares, reported previously. With 25,300 shares average volume, it will take short sellers 0 days to cover their WHF’s short positions. The stock decreased 0.36% or $0.04 on September 28, hitting $10.99. WhiteHorse Finance Inc (NASDAQ:WHF) has risen 15.56% since February 25, 2016 and is uptrending. It has outperformed by 4.31% the S&P500.

WhiteHorse Finance, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $200.07 million. The Firm is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. It currently has negative earnings. The Company’s investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate and have a term of 3 to 6 years.

Insitutional Activity: The institutional sentiment increased to 0.64 in Q2 2016. Its up 0.39, from 0.25 in 2016Q1. The ratio increased, as 6 funds sold all WhiteHorse Finance Inc shares owned while 5 reduced positions. 5 funds bought stakes while 2 increased positions. They now own 1.55 million shares or 3.01% less from 1.59 million shares in 2016Q1.

Orinda Asset Management Llc holds 0.73% of its portfolio in WhiteHorse Finance Inc for 63,098 shares. Muzinich & Co. Inc. owns 65,733 shares or 0.33% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.16% invested in the company for 908,674 shares. The California-based Ares Management Llc has invested 0.13% in the stock. Nantahala Capital Management Llc, a Connecticut-based fund reported 57,132 shares.

Out of 4 analysts covering WhiteHorse Finance (NASDAQ:WHF), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. WhiteHorse Finance has been the topic of 6 analyst reports since December 3, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock on September 14 with “Buy” rating.

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