OFS Credit Company, Inc. (NASDAQ:OCCIN) Sees Significant Increase in Short Interest

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,918 shares, an increase of 9,994.7% from the September 30th total of 19 shares. Based on an average daily volume of 1,702 shares, the days-to-cover ratio is presently 1.1 days.

OFS Credit Stock Performance

Shares of NASDAQ:OCCIN traded down $0.01 during mid-day trading on Monday, reaching $24.91. The stock had a trading volume of 7,596 shares, compared to its average volume of 3,183. The firm has a 50 day simple moving average of $24.95 and a two-hundred day simple moving average of $24.84. OFS Credit has a twelve month low of $24.30 and a twelve month high of $26.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of OFS Credit in a research report on Friday, September 11th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About OFS Credit

OFS Credit Company, Inc is a closed-end investment company focused primarily on investments in structured credit. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in collateralized loan obligations (CLOs), including CLO debt and equity tranches.

CLOs are portfolios of corporate loans that are divided into securities with different levels of risk and payment priority. OFS Credit may invest across various parts of the CLO capital structure, with its portfolio generally consisting of interests backed by broadly syndicated senior secured loans and other corporate credit assets.

The company is externally managed by OFS Capital Management, LLC, an affiliate of OFS Capital Corporation.