OFS Credit Company, Inc. (NASDAQ:OCCI) Short Interest Update

OFS Credit Company, Inc. (NASDAQ:OCCIGet Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 221,505 shares, a growth of 55.2% from the July 15th total of 142,677 shares. Based on an average daily trading volume, of 278,350 shares, the short-interest ratio is presently 0.8 days. Approximately 0.8% of the shares of the stock are short sold.

OFS Credit Price Performance

Shares of OCCI opened at $2.58 on Thursday. The firm’s 50 day simple moving average is $2.53 and its 200 day simple moving average is $3.00. The company has a market capitalization of $75.77 million, a P/E ratio of -2.11 and a beta of 0.72. OFS Credit has a 1-year low of $2.15 and a 1-year high of $6.14.

OFS Credit (NASDAQ:OCCIGet Free Report) last announced its earnings results on Tuesday, June 9th. The company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $9.20 million for the quarter.

OFS Credit Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a dividend yield of 23.3%. The ex-dividend date of this dividend is Thursday, October 15th. OFS Credit’s payout ratio is currently -81.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in OFS Credit during the second quarter valued at about $26,000. Kestra Private Wealth Services LLC bought a new stake in OFS Credit during the third quarter worth about $56,000. One Capital Management LLC purchased a new position in shares of OFS Credit in the 3rd quarter worth about $58,000. Virtu Financial LLC purchased a new position in shares of OFS Credit in the 3rd quarter worth about $58,000. Finally, Osaic Holdings Inc. increased its position in shares of OFS Credit by 61.3% during the 2nd quarter. Osaic Holdings Inc. now owns 10,783 shares of the company’s stock valued at $67,000 after purchasing an additional 4,100 shares during the last quarter. 23.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised OFS Credit from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st.

View Our Latest Report on OFS Credit

About OFS Credit

(Get Free Report)

OFS Credit Company, Inc (NASDAQ: OCCI) is a closed-end, externally managed business development company that primarily invests in senior secured loans to U.S. middle-market companies. As a registered investment company under the Investment Company Act of 1940, OFS Credit seeks to generate current income and capital appreciation by providing first-lien and second-lien debt financing to privately held and sponsor-backed businesses. The company targets borrowers with stable cash flows and defensible market positions across diverse industries, including business services, healthcare, manufacturing and technology.

The company’s investment portfolio is weighted toward floating-rate loan instruments and subordinated debt, complemented by selective equity and equity-related securities.

See Also

Receive News & Ratings for OFS Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OFS Credit and related companies with MarketBeat.com's FREE daily email newsletter.