OFS Credit Company, Inc. (NASDAQ:OCCIN) Sees Large Increase in Short Interest

OFS Credit Company, Inc. (NASDAQ:OCCINGet Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 414 shares, a growth of 154.0% from the July 30th total of 163 shares. Based on an average trading volume of 3,117 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

View Our Latest Research Report on OFS Credit

OFS Credit Price Performance

Shares of OFS Credit stock opened at $24.93 on Friday. The business’s 50 day simple moving average is $24.84 and its 200 day simple moving average is $24.74. OFS Credit has a 52-week low of $24.21 and a 52-week high of $26.00.

OFS Credit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.1094 per share. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, December 15th.

OFS Credit Company Profile

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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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