Eagle Point Income Company Inc. (NYSE:EIC) Short Interest Up 74.0% in December

Posted by Matthew Tipps on Jan 17th, 2025

Eagle Point Income Company Inc. (NYSE:EIC – Get Free Report) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 65,600 shares, a growth of 74.0% from the December 15th total of 37,700 shares. Based on an average trading volume of 215,800 shares, the days-to-cover ratio is currently 0.3 days.

Eagle Point Income Price Performance

NYSE:EIC opened at $15.85 on Friday. Eagle Point Income has a 1-year low of $14.78 and a 1-year high of $16.75. The firm has a 50 day simple moving average of $15.73 and a 200-day simple moving average of $15.79.

Eagle Point Income Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be paid a dividend of $0.20 per share. This represents a dividend yield of 15.17%. The ex-dividend date of this dividend is Monday, January 13th.

Wall Street Analyst Weigh In

Separately, B. Riley raised shares of Eagle Point Income to a “strong-buy” rating in a research note on Tuesday, January 7th.

Check Out Our Latest Stock Report on EIC

Institutional Investors Weigh In On Eagle Point Income

Hedge funds have recently made changes to their positions in the business. Graypoint LLC lifted its position in Eagle Point Income by 19.2% during the fourth quarter. Graypoint LLC now owns 197,136 shares of the company’s stock worth $3,063,000 after buying an additional 31,813 shares during the period. Virtu Financial LLC acquired a new position in shares of Eagle Point Income during the 3rd quarter valued at about $216,000. Finally, Webster Bank N. A. purchased a new position in shares of Eagle Point Income during the 3rd quarter worth about $44,000.

About Eagle Point Income

(Get Free Report)

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.