Is Buying Alcentra Capital Corp (NASDAQ:ABDC), Having Higher Short Interest a Winning Strategy?

The stock of Alcentra Capital Corp (NASDAQ:ABDC) registered an increase of 34.87% in short interest. ABDC’s total short interest was 32,100 shares in July as published by FINRA. Its up 34.87% from 23,800 shares, reported previously. With 25,900 shares average volume, it will take short sellers 1 days to cover their ABDC’s short positions.

The stock decreased 0.12% or $0.01 during the last trading session, reaching $8.32. About 17,815 shares traded. Alcentra Capital Corporation (NASDAQ:ABDC) has risen 28.55% since July 14, 2018 and is uptrending. It has outperformed by 24.12% the S&P500.

Alcentra Capital Corporation is a business development firm specializing in investments in lower middle-market companies. The company has market cap of $107.13 million. The fund seeks to invest in healthcare, business services, defense, government services, telecom and technology, media, infrastructure maintenance and logistics, and gas and oil services sector. It has a 28.3 P/E ratio. It focuses on investment opportunities headquartered in North America.

More notable recent Alcentra Capital Corporation (NASDAQ:ABDC) news were published by: Prnewswire.com which released: “Alcentra Capital Corporation Announces Fourth Quarter and Fiscal Year 2018 Financial Results – PRNewswire” on March 11, 2019, also Seekingalpha.com with their article: “Alcentra Capital Corporation (ABDC) CEO Vijay Rajguru on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” published on August 10, 2018, Nasdaq.com published: “Stillwell Value Partners II Takes 7.2% Stake In Alcentra Capital – Nasdaq” on December 29, 2017. More interesting news about Alcentra Capital Corporation (NASDAQ:ABDC) were released by: Seekingalpha.com and their article: “10.6% Yielding BDC Trading Below Book Value – Seeking Alpha” published on August 20, 2018 as well as Nasdaq.com‘s news article titled: “AmerisourceBergen (ABC) Beats Q4 Earnings, Issues FY18 View – Nasdaq” with publication date: November 02, 2017.

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