Credit Suisse AM Inc Fund Inc. (CIK) Short Interest Up 1,032.4% in September
Credit Suisse AM Inc Fund Inc. (NYSE:CIK) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 144,513 shares, a growth of 1,032.4% from the August 31st total of 12,762 shares. Based on an average daily volume of 158,807 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the company’s stock are short sold.
In other news, Director Terry Fires Bovarnick sold 8,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $3.06, for a total value of $25,092.00. Following the transaction, the director now owns 2,772 shares in the company, valued at $8,482.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Credit Suisse AM Inc Fund (NYSE:CIK) opened at 3.13 on Thursday. The stock has a 50 day moving average price of $3.09 and a 200-day moving average price of $2.96. Credit Suisse AM Inc Fund has a 12-month low of $2.55 and a 12-month high of $3.32.
Credit Suisse AM Inc Fund Company Profile
Credit Suisse Asset Management Income Fund, Inc (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income consistent with the preservation of capital by investing primarily in fixed-income securities. Under normal circumstances, the Fund will invest at least 75% of its total assets in fixed-income securities, such as bonds, debentures and preferred stock.
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