(NYSE:MVCB) shares saw light trading volume with 1,600 shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 79.51% under the normal average daily volume. Investors are a little more bearish on shares of the company if you take a look at the increase in short interest. The company saw a rise in short interest from September 29, 2017 to October 13, 2017 of 78.52%. Short interest increased from 2,607 to 4,654 over that period.
The company is trading down by 0.08% since yesterday’s close of $25.34. It is currently trading at $25.35 slightly below the 50 day moving average of $25.37 and a tad below the 200 day moving average of $25.47. The 50 day moving average was down $-0.02 and the 200 day average went down by -0.487%.
MVC Capital, Inc., launched on December 2, 1999, is a non-diversified closed-end management investment company. The Company operates as a business development company. The Business’s investment objective is to seek to maximize total return from capital appreciation and/or income. The Business’s segments are its investing operations as a business development company, which includes MVC Cayman and MVC Turf, LLC and MVC Financial Services, Inc. (MVCFS). The Company seeks to implement its investment objective through making a range of private investments in a range of industries. The Company seeks to achieve its investment objective by providing debt and equity financing to companies, including privately owned (portfolio companies). The Company also seeks to achieve its investment objective by establishing a subsidiary or subsidiaries that would serve as general partner to a private equity or other investment fund(s). The Company provides equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies in a range of industries primarily located in the United States..