OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) Short Interest Up 2,442.0% in June

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,847 shares, an increase of 2,442.0% from the May 31st total of 112 shares. Based on an average daily trading volume, of 1,802 shares, the days-to-cover ratio is currently 1.6 days.

Hedge Funds Weigh In On OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock

An institutional investor recently bought a new stake in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock. Karpus Management Inc. purchased a new position in shares of OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 269,146 shares of the company’s stock, valued at approximately $6,774,000. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock makes up about 1.4% of Karpus Management Inc.’s investment portfolio, making the stock its 24th largest position.

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Stock Performance

NASDAQ:OCCIM opened at $25.01 on Friday. The company’s 50-day simple moving average is $25.15 and its 200-day simple moving average is $25.10. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock has a fifty-two week low of $24.42 and a fifty-two week high of $26.06.

OFS Credit Company, Inc is a closed-end management investment company organized as a Maryland corporation in November 2014 and externally managed by OFS Capital Management, LLC. The firm is structured to provide investors with access to private credit markets by investing primarily in debt instruments of middle-market companies based in the United States.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, unsecured loans, high-yield bonds and other corporate debt obligations.