Short Interest in OFS Credit Company, Inc. (NASDAQ:OCCIN) Declines By 65.3%

OFS Credit Company, Inc. (NASDAQ:OCCIN) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 282 shares, a decline of 65.3% from the May 31st total of 813 shares. Based on an average trading volume of 1,898 shares, the days-to-cover ratio is presently 0.1 days.

OFS Credit Stock Performance

Shares of OCCIN stock traded up $0.10 on Friday, hitting $24.76. The company had a trading volume of 1,111 shares, compared to its average volume of 3,332. OFS Credit has a twelve month low of $24.10 and a twelve month high of $24.95. The company has a 50-day moving average price of $24.77 and a 200-day moving average price of $24.65.

Wall Street Analysts Forecast Growth

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

About OFS Credit

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.