OFS Credit Company, Inc. (NASDAQ:OCCIN) Short Interest Update

OFS Credit Company, Inc. (NASDAQ:OCCIN) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 414 shares, an increase of 154.0% from the July 30th total of 163 shares. Based on an average daily trading volume, of 3,117 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

OFS Credit Trading Down 0.1%

Shares of OFS Credit stock opened at $24.93 on Friday. OFS Credit has a 12-month low of $24.21 and a 12-month high of $26.00. The business’s 50 day moving average is $24.84 and its 200-day moving average is $24.74.

OFS Credit Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.1094 per share. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Tuesday, December 15th.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.