Short Interest in OFS Credit Company, Inc. (NASDAQ:OCCIO) Declines By 56.5%

OFS Credit Company, Inc. (NASDAQ:OCCIO) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,188 shares, a drop of 56.5% from the January 29th total of 2,729 shares. Based on an average trading volume of 2,526 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 2,526 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OFS Credit stock. Karpus Management Inc. bought a new position in OFS Credit Company, Inc. (NASDAQ:OCCIO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 78,615 shares of the company’s stock, valued at approximately $1,959,000.

OFS Credit Trading Up 0.1%

Shares of OCCIO stock traded up $0.02 during mid-day trading on Friday, reaching $24.99. 1,250 shares of the company’s stock traded hands, compared to its average volume of 2,881. OFS Credit has a 12 month low of $24.20 and a 12 month high of $25.80. The firm has a 50 day moving average price of $25.03 and a two-hundred day moving average price of $24.99.

OFS Credit Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be given a $0.1234 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ:OCCIO), headquartered in St. Petersburg, Florida, is a closed‐end investment company that seeks to generate current income and capital appreciation by investing in privately negotiated debt and equity securities of U.S. middle‐market companies. Organized as a business development company under the Investment Company Act of 1940, OFS Credit began operations in 2021 and is externally managed by OFS Capital Management, LLC.

The firm’s investment strategy emphasizes flexible financing solutions, including senior secured loans, second‐lien and mezzanine debt, and opportunistic equity interests.