OFS Credit Company, Inc. (NASDAQ:OCCIN) Sees Large Increase in Short Interest

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the recipient 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 daily volume of 3,117 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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

OFS Credit Trading Up 0.2%

OCCIN stock opened at $24.99 on Friday. The company’s 50 day simple moving average is $24.84 and its 200-day simple moving average is $24.75. OFS Credit has a 12 month low of $24.21 and a 12 month high of $26.00.

OFS Credit Announces Dividend

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

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.