Short Interest in Eagle Point Income Company Inc. (NYSE:EIC) Decreases By 34.2%

Eagle Point Income Company Inc. (NYSE:EIC) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 37,700 shares, a decrease of 34.2% from the November 30th total of 57,300 shares. Based on an average daily volume of 202,300 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on Eagle Point Income in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $17.50 price objective for the company.

Eagle Point Income Price Performance

Shares of NYSE:EIC opened at $15.41 on Monday. Eagle Point Income has a 52 week low of $14.48 and a 52 week high of $16.75. The company’s 50 day moving average is $15.75 and its two-hundred day moving average is $15.77.

Eagle Point Income Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, January 13th.

Institutional Trading of Eagle Point Income

A number of institutional investors have recently bought and sold shares of the business. Graypoint LLC raised its position in shares of Eagle Point Income by 4.0% during the 3rd quarter. Graypoint LLC now owns 165,323 shares of the company’s stock worth $2,665,000 after acquiring an additional 6,325 shares in the last quarter. Virtu Financial LLC purchased a new position in Eagle Point Income in the third quarter valued at approximately $216,000. Main Street Financial Solutions LLC acquired a new stake in Eagle Point Income during the second quarter worth approximately $160,000. Finally, Webster Bank N. A. purchased a new stake in shares of Eagle Point Income during the 3rd quarter worth approximately $44,000.

Eagle Point Income Company Profile

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.