OFS Credit Company, Inc. (NASDAQ:OCCIN) Short Interest Up 154.0% in August

OFS Credit Company, Inc. (NASDAQ:OCCINGet Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 414 shares, a growth of 154.0% from the July 30th total of 163 shares. Based on an average daily volume of 3,117 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

View Our Latest Research Report on OCCIN

OFS Credit Price Performance

Shares of NASDAQ OCCIN traded up $0.06 during midday trading on Friday, hitting $24.99. 2,889 shares of the company’s stock were exchanged, compared to its average volume of 3,080. The firm’s fifty day simple moving average is $24.84 and its 200-day simple moving average is $24.75. OFS Credit has a twelve month low of $24.21 and a twelve month high of $26.00.

OFS Credit Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.1094 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a c) dividend on an annualized basis and a yield of 5.3%.

OFS Credit Company Profile

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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.

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