Short Interest in PhenixFIN Co. (NYSE:PFX) Decreases By 80.0%

Key Points

• Short interest in PhenixFIN Co. decreased by 80.0% in September, with the total dropping from 1,500 shares to just 300 shares as of September 15th.
• The company's stock price as of the article's publication was $47.61, with a market cap of $95.41 million and a P/E ratio of 5.84.
• Osaic Holdings Inc. increased its stake in PhenixFIN by 55.4% in the second quarter, owning 847 shares worth $43,000 according to the latest SEC filing.

PhenixFIN Co. (NYSE:PFX - ) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 300 shares, a decline of 80.0% from the August 31st total of 1,500 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is currently 0.4 days.

PhenixFIN Stock Performance

NYSE PFX traded down $0.02 on Wednesday, reaching $47.61. The stock had a trading volume of 1,275 shares, compared to its average volume of 2,016. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.21. PhenixFIN has a 12-month low of $44.56 and a 12-month high of $57.40. The business's 50-day moving average price is $48.89 and its 200 day moving average price is $49.89. The stock has a market cap of $95.41 million, a P/E ratio of 5.84 and a beta of 0.31.

Institutional Investors Weigh In On PhenixFIN

A hedge fund recently raised its stake in PhenixFIN stock. Osaic Holdings Inc. raised its position in PhenixFIN Co. (NYSE:PFX - Free Report) by 55.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 847 shares of the company's stock after buying an additional 302 shares during the quarter. Osaic Holdings Inc.'s holdings in PhenixFIN were worth $43,000 as of its most recent filing with the Securities and Exchange Commission. 43.35% of the stock is owned by institutional investors.

About PhenixFIN

PhenixFIN Corporation is a business development company. The firm seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.

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