OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) Sees Significant Decline in Short Interest

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 112 shares, a drop of 91.8% from the May 14th total of 1,365 shares. Based on an average trading volume of 2,386 shares, the days-to-cover ratio is presently 0.0 days.

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Price Performance

NASDAQ OCCIM traded down $0.19 during trading hours on Tuesday, hitting $25.06. The company’s stock had a trading volume of 4,415 shares, compared to its average volume of 2,040. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock has a 52 week low of $24.42 and a 52 week high of $26.06. The company’s 50-day simple moving average is $25.15 and its two-hundred day simple moving average is $25.10.

Institutional Investors Weigh In On OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock

A hedge fund recently bought a new stake in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock. Karpus Management Inc. acquired a new stake in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 269,146 shares of the company’s stock, valued at approximately $6,774,000. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock comprises 1.4% of Karpus Management Inc.’s holdings, making the stock its 24th largest position.

OFS Credit Company, Inc is a closed-end management investment company organized as a Maryland corporation in November 2014 and externally managed by OFS Capital Management, LLC. The firm is structured to provide investors with access to private credit markets by investing primarily in debt instruments of middle-market companies based in the United States.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, unsecured loans, high-yield bonds and other corporate debt obligations.