Short Interest in OFS Credit Company, Inc. (NASDAQ:OCCI) Decreases By 17.1%

OFS Credit Company, Inc. (NASDAQ:OCCI) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 130,100 shares, a decline of 17.1% from the February 13th total of 156,900 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 277,600 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of OFS Credit

Hedge funds have recently bought and sold shares of the company. Virtus ETF Advisers LLC boosted its position in shares of OFS Credit by 14.2% during the fourth quarter. Virtus ETF Advisers LLC now owns 318,110 shares of the company’s stock worth $2,262,000 after buying an additional 39,531 shares during the period. Graypoint LLC boosted its position in OFS Credit by 25.9% during the 4th quarter. Graypoint LLC now owns 164,826 shares of the company’s stock worth $1,172,000 after acquiring an additional 33,857 shares during the period. LPL Financial LLC grew its stake in shares of OFS Credit by 1.4% in the fourth quarter. LPL Financial LLC now owns 106,421 shares of the company’s stock worth $757,000 after purchasing an additional 1,445 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of OFS Credit during the third quarter valued at $134,000. Finally, Nicolet Advisory Services LLC acquired a new position in shares of OFS Credit during the fourth quarter valued at $105,000. 23.77% of the stock is currently owned by institutional investors.

OFS Credit Trading Down 2.3 %

OCCI traded down $0.16 on Wednesday, hitting $6.82. 1,171,569 shares of the company’s stock were exchanged, compared to its average volume of 239,320. The stock has a fifty day moving average of $7.10 and a two-hundred day moving average of $7.23. OFS Credit has a twelve month low of $6.52 and a twelve month high of $7.81. The firm has a market cap of $107.41 million, a PE ratio of 7.58 and a beta of 1.33.

OFS Credit (NASDAQ:OCCI) last announced its quarterly earnings results on Friday, March 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $10.06 million for the quarter, compared to analyst estimates of $9.59 million. On average, analysts predict that OFS Credit will post 0.89 EPS for the current year.

OFS Credit Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 20.23%. OFS Credit’s dividend payout ratio (DPR) is presently 211.11%.

OFS Credit Company Profile

OFS Credit Company, Inc is a fund of OFS Advisor.