Shorts On Watch: Alcentra Capital Corporation (NASDAQ:ABDC) Could Burn Your Long Portfolio After More Shorts

November 23, 2016 - By Winifred Garcia   ·   0 Comments

Shorts On Watch: Alcentra Capital Corporation (NASDAQ:ABDC) Could Burn Your Long Portfolio After More Shorts

The stock of Alcentra Capital Corporation (NASDAQ:ABDC) registered an increase of 189.36% in short interest. ABDC’s total short interest was 27,200 shares in November as published by FINRA. Its up 189.36% from 9,400 shares, reported previously. With 34,700 shares average volume, it will take short sellers 1 days to cover their ABDC’s short positions. The stock increased 1.76% or $0.21 during the last trading session, hitting $12.13. Alcentra Capital Corp (NASDAQ:ABDC) has risen 2.97% since April 21, 2016 and is uptrending. It has underperformed by 2.36% the S&P500.

Alcentra Capital Corporation is a specialty finance firm that operates as a non-diversified, closed-end management investment company. The company has a market cap of $160.81 million. The Firm operates as a business development firm and a regulated investment company. It currently has negative earnings. It provides customized debt and equity financing solutions to lower middle-market companies, which are companies having annual earnings, before interest, taxes, depreciation and amortization of between $5 million and $15 million, and/or revenues of between $10 million and $100 million.

Alcentra Capital Corp (NASDAQ:ABDC) Ratings Coverage

Out of 4 analysts covering Alcentra Capital Corp (NASDAQ:ABDC), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $15 is the highest target while $12 is the lowest. The $14.25 average target is 17.48% above today’s ($12.13) stock price. Alcentra Capital Corp has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, August 13 by Oppenheimer. The stock of Alcentra Capital Corp (NASDAQ:ABDC) earned “Neutral” rating by Janney Capital on Wednesday, June 22. The stock of Alcentra Capital Corp (NASDAQ:ABDC) has “Neutral” rating given on Monday, November 7 by Robert W. Baird. As per Monday, November 7, the company rating was downgraded by Oppenheimer.

More notable recent Alcentra Capital Corp (NASDAQ:ABDC) news were published by: Prnewswire.com which released: “Alcentra Capital Corporation Announces Conference Call to Discuss Second …” on August 01, 2016, also Seekingalpha.com with their article: “Lessons In What Not To Buy – Alcentra Capital Corp.” published on November 14, 2016, Prnewswire.com published: “Alcentra Capital Corporation Announces the Sale of City Carting to Tunnel Hill …” on June 13, 2016. More interesting news about Alcentra Capital Corp (NASDAQ:ABDC) were released by: Prnewswire.com and their article: “Alcentra Capital Corporation Announces Conference Call To Discuss Third …” published on November 02, 2016 as well as Prnewswire.com‘s news article titled: “Alcentra Capital Corporation Provides $10 million to QRC Technologies” with publication date: June 06, 2016.

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By Winifred Garcia


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