CION Investment Co. (NYSE:CION) Short Interest Update

CION Investment Co. (NYSE:CION) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 240,000 shares, a decrease of 21.9% from the January 15th total of 307,400 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 266,600 shares, the short-interest ratio is currently 0.9 days.

CION Investment Stock Up 1.6 %

Shares of CION Investment stock traded up $0.19 on Monday, hitting $12.17. The stock had a trading volume of 397,455 shares, compared to its average volume of 216,658. The stock’s 50-day simple moving average is $11.50 and its two-hundred day simple moving average is $11.71. CION Investment has a one year low of $10.52 and a one year high of $12.69. The stock has a market cap of $648.65 million, a price-to-earnings ratio of 8.28 and a beta of 1.13.

CION Investment Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, January 27th. Shareholders of record on Monday, December 30th were given a $0.05 dividend. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, December 30th. CION Investment’s payout ratio is 97.96%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company decreased their price objective on CION Investment from $12.00 to $11.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th.

Institutional Trading of CION Investment

Institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of CION Investment during the 4th quarter valued at about $96,000. Quantbot Technologies LP bought a new stake in CION Investment during the 3rd quarter valued at approximately $104,000. Aquatic Capital Management LLC purchased a new position in shares of CION Investment during the 4th quarter worth approximately $103,000. Focused Wealth Management Inc bought a new position in shares of CION Investment in the 3rd quarter worth approximately $120,000. Finally, Virtu Financial LLC purchased a new position in shares of CION Investment in the 3rd quarter valued at approximately $127,000. 32.01% of the stock is currently owned by hedge funds and other institutional investors.

CION Investment Company Profile

CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies.