Short Interest Coverage: Will CM Finance Incorporated (NASDAQ:CMFN) Run Out of Steam Soon? Short Interest is Up

November 29, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Coverage: Will CM Finance Incorporated (NASDAQ:CMFN) Run Out of Steam Soon? Short Interest is Up

The stock of CM Finance Incorporated (NASDAQ:CMFN) registered an increase of 36.36% in short interest. CMFN’s total short interest was 13,500 shares in November as published by FINRA. Its up 36.36% from 9,900 shares, reported previously. With 31,600 shares average volume, it will take short sellers 0 days to cover their CMFN’s short positions. About 37,231 shares traded hands or 20.27% up from the average. CM Finance Inc (NASDAQ:CMFN) has risen 5.78% since April 26, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.

CM Finance Inc is an externally managed, non-diversified closed-end management investment company. The company has a market cap of $132.77 million. The Firm is a specialty finance firm that invests primarily in the debt of the United States middle-market companies. It currently has negative earnings. The Company’s primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies.

CMFN Company Profile

CM Finance Inc, incorporated on May 28, 2013, is an externally managed, non-diversified closed-end management investment company. The Firm is a specialty finance firm that invests primarily in the debt of the United States middle-market companies. The Company’s primary investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies. As of June 30, 2016, the Company’s portfolio consisted of debt and equity investments in 22 portfolio companies. The Company’s subsidiary is CM Finance SPV Ltd. (CM SPV). CM Investment Partners LLC is an external investment advisor of the Company.

More notable recent CM Finance Inc (NASDAQ:CMFN) news were published by: Finance.Yahoo.com which released: “CM Finance Inc Announces Adjournment of its 2016 Annual Meeting of Stockholders” on November 09, 2016, also Globenewswire.com with their article: “CM Finance Inc Announces Results from its 2016 Annual Meeting of Stockholders” published on November 03, 2016, Nasdaq.com published: “CM Finance Inc Reports Results for its Fiscal First Quarter ended September 30 …” on November 09, 2016. More interesting news about CM Finance Inc (NASDAQ:CMFN) were released by: Businesswire.com and their article: “CM Finance Inc Prices $100.0 Million Initial Public Offering” published on February 05, 2014 as well as Globenewswire.com‘s news article titled: “CM Finance Inc Reports Results for its Fiscal Fourth Quarter ended June 30, 2016” with publication date: August 30, 2016.

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By Nellie Frank


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