OFS Credit Company, Inc. (NASDAQ:OCCIO) Short Interest Down 83.2% in March

OFS Credit Company, Inc. (NASDAQ:OCCIO) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 115 shares, a drop of 83.2% from the February 26th total of 683 shares. Based on an average trading volume of 2,478 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 2,478 shares, the days-to-cover ratio is presently 0.0 days.

OFS Credit Price Performance

Shares of OCCIO stock opened at $24.96 on Wednesday. OFS Credit has a 1 year low of $24.20 and a 1 year high of $25.80. The firm has a fifty day moving average price of $25.02 and a 200-day moving average price of $25.00.

OFS Credit Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be given a dividend of $0.1234 per share. The ex-dividend date is Wednesday, April 15th. This represents a c) annualized dividend and a yield of 5.9%.

Institutional Trading of OFS Credit

An institutional investor recently bought a new position in OFS Credit stock. Karpus Management Inc. acquired a new stake in shares of OFS Credit Company, Inc. (NASDAQ:OCCIO) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 78,615 shares of the company’s stock, valued at approximately $1,959,000.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ:OCCIO), headquartered in St. Petersburg, Florida, is a closed‐end investment company that seeks to generate current income and capital appreciation by investing in privately negotiated debt and equity securities of U.S. middle‐market companies. Organized as a business development company under the Investment Company Act of 1940, OFS Credit began operations in 2021 and is externally managed by OFS Capital Management, LLC.

The firm’s investment strategy emphasizes flexible financing solutions, including senior secured loans, second‐lien and mezzanine debt, and opportunistic equity interests.