Short Interest in Eagle Point Credit Company Inc. (NYSE:ECCC) Rises By 90.9%

Eagle Point Credit Company Inc. (NYSE:ECCC) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 4,200 shares, an increase of 90.9% from the January 15th total of 2,200 shares. Based on an average daily volume of 3,500 shares, the short-interest ratio is currently 1.2 days.

Eagle Point Credit Price Performance

Shares of ECCC traded up $0.01 during trading on Friday, reaching $23.05. 633 shares of the company traded hands, compared to its average volume of 3,134. Eagle Point Credit has a twelve month low of $21.62 and a twelve month high of $24.89. The stock has a 50-day simple moving average of $23.03 and a 200-day simple moving average of $23.12.

Eagle Point Credit Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.1354 per share. This represents a $1.63 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date is Tuesday, June 10th.

About Eagle Point Credit

Eagle Point Credit Company Inc is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S.