Credit Suisse AM Inc Fund Inc. (CIK) Short Interest Down 71.0% in September
Credit Suisse AM Inc Fund Inc. (NYSE:CIK) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 41,916 shares, a drop of 71.0% from the September 15th total of 144,513 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 114,612 shares, the days-to-cover ratio is currently 0.4 days.
In related news, Director Terry Fires Bovarnick sold 8,200 shares of the firm’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $3.06, for a total value of $25,092.00. Following the completion of the transaction, the director now directly owns 2,772 shares of the company’s stock, valued at $8,482.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Credit Suisse AM Inc Fund (NYSE:CIK) opened at 3.07 on Wednesday. The company has a 50 day moving average of $3.10 and a 200-day moving average of $2.98. Credit Suisse AM Inc Fund has a 12-month low of $2.55 and a 12-month high of $3.32.
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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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