Fifth Street Finance Corp. Short Interest Down 56.5% in July (FSC)
Shares of Fifth Street Finance Corp. (NASDAQ:FSC) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 1,794,648 shares, a decrease of 56.5% from the July 15th total of 4,123,829 shares, Stock Ratings Network reports. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 1,649,883 shares, the days-to-cover ratio is currently 1.1 days.
Separately, analysts at Guggenheim upgraded shares of Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating in a research note on Friday.
Shares of Fifth Street Finance Corp. (NASDAQ:FSC) opened at 9.89 on Tuesday. Fifth Street Finance Corp. has a 52-week low of $8.94 and a 52-week high of $10.74. The stock has a 50-day moving average of $9.79 and a 200-day moving average of $9.53.
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