OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) Short Interest Update

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 3,074 shares, a growth of 120.2% from the July 30th total of 1,396 shares. Based on an average daily trading volume, of 3,298 shares, the days-to-cover ratio is currently 0.9 days.

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Stock Performance

OCCIM remained flat at $25.20 during midday trading on Friday. 3,781 shares of the company’s stock traded hands, compared to its average volume of 2,238. The firm has a 50 day moving average of $25.11 and a 200-day moving average of $25.09. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock has a 1-year low of $24.42 and a 1-year high of $26.06.

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be given a $0.1641 dividend. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Friday, January 15th.

Hedge Funds Weigh In On OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock

A hedge fund recently bought a new position in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock. Karpus Management Inc. purchased a new position in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 269,146 shares of the company’s stock, valued at approximately $6,774,000. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock comprises 1.4% of Karpus Management Inc.’s holdings, making the stock its 24th largest position.

OFS Credit Company, Inc is a closed-end management investment company organized as a Maryland corporation in November 2014 and externally managed by OFS Capital Management, LLC. The firm is structured to provide investors with access to private credit markets by investing primarily in debt instruments of middle-market companies based in the United States.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, unsecured loans, high-yield bonds and other corporate debt obligations.