Carlyle Credit Income Fund sees short interest growth amid earnings miss
1 report, 1 independent
Updated Sun 00:00
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What happened
Carlyle Credit Income Fund reported earnings of $0.07 per share for the quarter, missing analyst consensus estimates of $0.10, and posted revenue of $4.31 million against estimates of $5.39 million. In September, short interest in the fund grew by 271.6%, reaching 48,201 shares as of September 30th. Separately, Credit Suisse Group set a $3.50 target price on the fund on August 21st.
From tickerreport.com
Why it matters
The increase in short interest and the recent earnings miss suggest shifts in investor sentiment regarding the fund's valuation and performance. The target price set by Credit Suisse Group provides a specific valuation point for the market to consider.
From tickerreport.com