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

OFS Credit Company, Inc. (NASDAQ:OCCIN) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,342 shares, a growth of 87.2% from the June 30th total of 717 shares. Based on an average daily volume of 1,651 shares, the days-to-cover ratio is currently 0.8 days.

OFS Credit Trading Up 0.1%

OCCIN stock traded up $0.02 during midday trading on Friday, reaching $24.86. 1,074 shares of the company’s stock traded hands, compared to its average volume of 3,128. The company has a 50-day simple moving average of $24.79 and a two-hundred day simple moving average of $24.70. OFS Credit has a 1-year low of $24.21 and a 1-year high of $24.95.

OFS Credit Announces Dividend

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

Analyst Ratings Changes

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

About OFS Credit

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.