Short Interest in CION Investment Co. (NYSE:CION) Increases By 25.9%

CION Investment Co. (NYSE:CION - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 439,900 shares, an increase of 25.9% from the March 15th total of 349,400 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 348,800 shares, the short-interest ratio is presently 1.3 days.

Analyst Ratings Changes

Separately, Wells Fargo & Company reissued an "underweight" rating and issued a $10.00 price objective (down previously from $11.00) on shares of CION Investment in a research note on Monday, March 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CION. Ameriflex Group Inc. bought a new position in shares of CION Investment during the fourth quarter worth about $55,000. Golden State Wealth Management LLC bought a new position in CION Investment during the 4th quarter worth approximately $96,000. Aquatic Capital Management LLC acquired a new position in shares of CION Investment in the 4th quarter worth approximately $103,000. Coppell Advisory Solutions LLC boosted its stake in shares of CION Investment by 11.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 10,966 shares of the company's stock valued at $123,000 after purchasing an additional 1,093 shares during the last quarter. Finally, GWN Securities Inc. acquired a new stake in shares of CION Investment during the fourth quarter worth $124,000. 32.01% of the stock is owned by institutional investors and hedge funds.

CION Investment Stock Up 1.2 %

Shares of CION stock traded up $0.12 during mid-day trading on Friday, reaching $10.10. 220,670 shares of the stock traded hands, compared to its average volume of 254,129. The company has a market cap of $535.57 million, a price-to-earnings ratio of 6.87 and a beta of 1.17. The stock's fifty day simple moving average is $10.76 and its two-hundred day simple moving average is $11.31. CION Investment has a 1-year low of $8.51 and a 1-year high of $12.71.

CION Investment (NYSE:CION - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). CION Investment had a return on equity of 11.49% and a net margin of 31.21%. The business had revenue of $87.91 million for the quarter, compared to analyst estimates of $54.11 million. On average, equities research analysts anticipate that CION Investment will post 1.78 EPS for the current fiscal year.

CION Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $1.44 dividend on an annualized basis and a yield of 14.26%. CION Investment's payout ratio is 228.57%.

About CION Investment

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.