OFS Credit Company, Inc. (NASDAQ:OCCIN – Get 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
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
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.
Recommended Stories
- Five stocks we like better than OFS Credit
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
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.
