Short Interest in Eagle Point Income Company Inc. (NYSE:EIC) Drops By 66.7%

Eagle Point Income Company Inc. (NYSE:EICGet Rating) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 4,000 shares, a decrease of 66.7% from the March 31st total of 12,000 shares. Based on an average daily trading volume, of 16,500 shares, the short-interest ratio is currently 0.2 days.

NYSE EIC opened at $16.44 on Thursday. The company has a 50-day simple moving average of $16.78 and a two-hundred day simple moving average of $17.33. Eagle Point Income has a 12-month low of $15.34 and a 12-month high of $19.53.

Eagle Point Income (NYSE:EICGet Rating) last posted its quarterly earnings results on Thursday, February 17th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $3.68 million for the quarter.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 10th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, June 9th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 9.13%.

A hedge fund recently bought a new stake in Eagle Point Income stock. PSI Advisors LLC bought a new position in shares of Eagle Point Income Company Inc. (NYSE:EICGet Rating) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,948 shares of the company’s stock, valued at approximately $34,000.

About Eagle Point Income (Get Rating)

About Eagle Point Income Company is a non-diversified,closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs. In addition, the Company may invest up to 20% of its total assets (at the time of investment) in CLO equity securities and related securities and instruments.

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