OFS Credit Company, Inc. (NASDAQ:OCCIN – Get Free Report) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 282 shares, a drop of 65.3% from the May 31st total of 813 shares. Based on an average daily volume of 1,898 shares, the days-to-cover ratio is currently 0.1 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings lowered OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
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OFS Credit Stock Down 0.0%
OFS Credit Company Profile
OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.
The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.
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