Credit Suisse High Yield Bond Fund, Inc. (NYSE:DHY) is up 40.7% since its low, and it’s only getting started

The trading price of Credit Suisse High Yield Bond Fund, Inc. (NYSE:DHY) floating lower at last check on Wednesday, Apr 07, closing at $2.42, -0.41% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.4100 and $2.4270. The company’s P/E ratio in the trailing 12-month period was 48.4, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $2.43 and a 52-week low of $1.72. Over the past month, the stock has suffered 0% in value.

On the technical side, indicators suggest DHY has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

An evaluation of the daily trading volume of Credit Suisse High Yield Bond Fund, Inc. (NYSE:DHY) indicates that the 3-month average is 2.99 Million. However, this figure has declined over the past 10 days to an average of 1.46 Million.

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Currently, records show that 103.51 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 23.14%. The stats also highlight that short interest as of March 14, 2021, stood at 509.2 Million shares, resulting in a short ratio of 0.13 at that time. From this, we can conclude that short interest is 0.49% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 283.27 Million. However, since the stock’s price has seen +6.14% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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