Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 44,543 shares, a drop of 54.1% from the February 15th total of 97,027 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 100,680 shares, the days-to-cover ratio is presently 0.4 days.
Credit Suisse AM Inc Fund (NYSEAMERICAN:CIK) opened at $3.24 on Monday. Credit Suisse AM Inc Fund has a 52-week low of $3.19 and a 52-week high of $3.50. The company has a market cap of $168.90, a P/E ratio of 8.76 and a beta of 0.50.
The business also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 9th will be given a dividend of $0.022 per share. This represents a $0.26 dividend on an annualized basis and a yield of 8.15%. The ex-dividend date of this dividend is Thursday, March 8th. Credit Suisse AM Inc Fund’s dividend payout ratio (DPR) is currently 64.86%.
About Credit Suisse AM Inc Fund
Credit Suisse Asset Management Income Fund, Inc is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income consistent with the preservation of capital. The Fund invests in a range of sectors, which include advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, electronics, energy-exploration and production, food-wholesale, forestry and paper, gas distribution, health facilities, insurance brokerage, media-diversified, media content, medical products, metals and mining, oil field equipment and services, packaging, personal and household products, pharmaceuticals, software-services, real estate investment trusts, restaurants, specialty retail, and recreation and travel.
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