OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM – Get Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,847 shares, an increase of 2,442.0% from the May 31st total of 112 shares. Based on an average daily volume of 1,802 shares, the short-interest ratio is presently 1.6 days.
Hedge Funds Weigh In On OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock
A hedge fund recently bought a new position in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock. Karpus Management Inc. acquired a new stake in shares of OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 portfolio, making the stock its 24th biggest holding.
OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Trading Down 0.5%
NASDAQ:OCCIM traded down $0.12 during trading hours on Thursday, reaching $25.01. The company had a trading volume of 1,219 shares, compared to its average volume of 1,973. 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 firm’s 50 day moving average price is $25.15 and its 200-day moving average price is $25.10.
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.
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