Will FS Investment Corporation (NYSE:FSIC) Run Out of Steam Soon? Short Interest Is Down

The stock of FS Investment Corporation (NYSE:FSIC) registered a decrease of 57.94% in short interest. FSIC’s total short interest was 604,000 shares in December as published by FINRA. Its down 57.94% from 1.44 million shares, reported previously. With 970,700 shares average volume, it will take short sellers 1 days to cover their FSIC’s short positions.

The stock decreased 0.49% or $0.03 during the last trading session, reaching $6.05. About 1.82M shares traded or 51.65% up from the average. FS Investment Corporation (NYSE:FSIC) has declined 10.30% since December 8, 2017 and is downtrending. It has underperformed by 25.92% the S&P500.

FS Investment Corporation is a business development firm specializing in investments in debt securities. The company has market cap of $1.45 billion. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It has a 11.29 P/E ratio. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.

More notable recent FS Investment Corporation (NYSE:FSIC) news were published by: Seekingalpha.com which released: “FS Investment Corporation Should Initiate A Large Share Repurchase – Seeking Alpha” on October 11, 2018, also Seekingalpha.com with their article: “This BDC With A 10.1% Yield And 0.8x NAV Saw Insider Buying Recently – Seeking Alpha” published on January 03, 2018, Seekingalpha.com published: “FS Investment’s (FSIC) CEO Michael Forman on Q1 2018 Results – Earnings Call Transcript – Seeking Alpha” on May 11, 2018. More interesting news about FS Investment Corporation (NYSE:FSIC) were released by: Seekingalpha.com and their article: “Time To Swap Corporate Capital Trust Into FS Investment Corp. – Seeking Alpha” published on March 15, 2018 as well as Seekingalpha.com‘s news article titled: “Why I Sold This 11.1% Yielding BDC That Could Now Be A ‘Buy’ – Seeking Alpha” with publication date: October 11, 2018.

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