OFS Credit Company, Inc. (NASDAQ:OCCIN) Sees Large Growth in Short Interest

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,694 shares, an increase of 137.8% from the April 15th total of 1,133 shares. Based on an average daily volume of 2,717 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut OFS Credit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, OFS Credit presently has a consensus rating of “Sell”.

OFS Credit Trading Down 0.4%

OCCIN traded down $0.09 during trading hours on Friday, reaching $24.78. The company’s stock had a trading volume of 423 shares, compared to its average volume of 3,657. OFS Credit has a fifty-two week low of $23.88 and a fifty-two week high of $24.90. The business’s 50-day moving average is $24.65 and its 200-day moving average is $24.58.

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.