23% short interest rise for Eagle Point Credit Company in August by institutional investors.
Eagle Point Credit Company Inc. (NYSE:ECC) saw a 23% rise in short interest in August, totaling 656,600 shares. Institutional investors hold 19.5% of the stock, with notable increases from several firms. The company reported a quarterly EPS of $0.28, missing estimates, and has a dividend yield of 17.13%. Keefe, Bruyette & Woods lowered its price target from $10.50 to $10.00, maintaining a "market perform" rating.
September 17, 2024
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