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

Eagle Point Income Company Inc. (NYSE:EIC) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 65,600 shares, an increase of 74.0% from the December 15th total of 37,700 shares. Based on an average daily volume of 215,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EIC. Webster Bank N. A. acquired a new position in Eagle Point Income in the third quarter valued at $44,000. Graypoint LLC lifted its holdings in shares of Eagle Point Income by 4.0% in the 3rd quarter. Graypoint LLC now owns 165,323 shares of the company’s stock valued at $2,665,000 after purchasing an additional 6,325 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Eagle Point Income in the 3rd quarter valued at about $216,000.

Eagle Point Income Stock Performance

EIC stock opened at $15.85 on Friday. The business has a 50 day moving average price of $15.73 and a 200 day moving average price of $15.79. Eagle Point Income has a fifty-two week low of $14.78 and a fifty-two week high of $16.75.

Eagle Point Income Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be issued a $0.20 dividend. 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 upgraded Eagle Point Income to a “strong-buy” rating in a research note on Tuesday, January 7th.

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.