Short Interest in OFS Credit Company, Inc. (NASDAQ:OCCI) Rises By 124.2%

OFS Credit Company, Inc. (NASDAQ:OCCI) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 371,889 shares, a growth of 124.2% from the April 30th total of 165,901 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 358,701 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On OFS Credit

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC increased its holdings in shares of OFS Credit by 32.3% in the 4th quarter. Kestra Advisory Services LLC now owns 82,856 shares of the company’s stock worth $401,000 after buying an additional 20,238 shares during the last quarter. Jane Street Group LLC bought a new position in shares of OFS Credit in the 1st quarter worth $385,000. NewEdge Advisors LLC increased its holdings in shares of OFS Credit by 21.6% in the 1st quarter. NewEdge Advisors LLC now owns 17,696 shares of the company’s stock worth $108,000 after buying an additional 3,138 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of OFS Credit by 61.3% in the 2nd quarter. Osaic Holdings Inc. now owns 10,783 shares of the company’s stock worth $67,000 after buying an additional 4,100 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of OFS Credit in the 4th quarter worth $62,000. Institutional investors own 23.77% of the company’s stock.

OFS Credit Stock Performance

OFS Credit stock traded down $0.02 during midday trading on Tuesday, reaching $3.30. 196,051 shares of the stock were exchanged, compared to its average volume of 275,119. The company’s fifty day moving average is $3.13 and its 200-day moving average is $3.89. The firm has a market cap of $95.84 million, a PE ratio of -2.52 and a beta of 0.66. OFS Credit has a 52 week low of $2.62 and a 52 week high of $6.43.

OFS Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 18.2%. OFS Credit’s dividend payout ratio is presently -93.89%.

About OFS Credit

OFS Credit Company, Inc (NASDAQ: OCCI) is a closed-end, externally managed business development company that primarily invests in senior secured loans to U.S. middle-market companies. As a registered investment company under the Investment Company Act of 1940, OFS Credit seeks to generate current income and capital appreciation by providing first-lien and second-lien debt financing to privately held and sponsor-backed businesses. The company targets borrowers with stable cash flows and defensible market positions across diverse industries, including business services, healthcare, manufacturing and technology.

The company’s investment portfolio is weighted toward floating-rate loan instruments and subordinated debt, complemented by selective equity and equity-related securities.