OFS Credit Company, Inc. (NASDAQ:OCCIN) Short Interest Down 53.3% in May

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,257 shares, a drop of 53.3% from the April 30th total of 2,694 shares. Based on an average trading volume of 2,947 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of OFS Credit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, OFS Credit currently has an average rating of “Sell”.

OFS Credit Stock Up 0.2%

OCCIN traded up $0.04 on Friday, hitting $24.80. The company had a trading volume of 299 shares, compared to its average volume of 3,602. The company’s fifty day moving average price is $24.68 and its 200 day moving average price is $24.60. OFS Credit has a 1-year low of $23.88 and a 1-year high of $24.93.

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.