Credit Suisse AM Inc Fund Inc. (NYSE:CIK) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 144,513 shares, an increase of 1,032.4% from the August 31st total of 12,762 shares. Based on an average daily trading volume, of 158,807 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the company’s stock are short sold.
In related news, Director Terry Fires Bovarnick sold 8,200 shares of Credit Suisse AM Inc Fund stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $3.06, for a total transaction of $25,092.00. Following the transaction, the director now directly owns 2,772 shares of the company’s stock, valued at $8,482.32. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Credit Suisse AM Inc Fund (NYSE:CIK) opened at 3.13 on Thursday. The company’s 50-day moving average is $3.09 and its 200 day moving average is $2.96. Credit Suisse AM Inc Fund has a one year low of $2.55 and a one year high of $3.32.
About Credit Suisse AM Inc Fund
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.
Receive News & Ratings for Credit Suisse AM Inc Fund Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse AM Inc Fund Inc. and related companies with MarketBeat.com's FREE daily email newsletter.