OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,216 shares, an increase of 58.0% from the August 31st total of 4,566 shares. Based on an average daily volume of 1,943 shares, the days-to-cover ratio is presently 3.7 days.
OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Stock Performance
OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock traded up $0.15 during mid-day trading on Thursday, hitting $25.00. The company had a trading volume of 279 shares, compared to its average volume of 2,459. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock has a 1 year low of $24.42 and a 1 year high of $26.06. The business has a fifty day moving average of $25.08 and a 200 day moving average of $25.08.
OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, January 29th. Investors of record on Friday, January 15th will be given a $0.1641 dividend. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, January 15th.
OFS Credit Company, Inc is a closed-end management investment company focused primarily on investing in collateralized loan obligation (CLO) securities. Its portfolio generally includes CLO equity and debt tranches backed by pools of senior secured corporate loans, providing investors with exposure to corporate credit markets.
The company is externally managed by OFS Capital Management, LLC, an affiliate of OFS Capital Corporation. Through its investment manager, OFS Credit Company seeks to generate current income and, to a lesser extent, capital appreciation by investing in structured credit instruments and related opportunities.
OFS Credit Company’s 7.875% Series F Term Preferred Stock trades on the Nasdaq Capital Market under the symbol OCCIM.
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