Short Interest in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) Rises By 18.6%

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 2,964 shares, an increase of 18.6% from the March 31st total of 2,500 shares. Based on an average daily volume of 1,526 shares, the days-to-cover ratio is presently 1.9 days.

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

Shares of NASDAQ:OCCIM traded down $0.01 on Friday, hitting $25.02. 1,052 shares of the company were exchanged, compared to its average volume of 1,951. The company’s 50 day moving average price is $24.97 and its two-hundred day moving average price is $25.06. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock has a one year low of $24.42 and a one year high of $26.06.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock. Karpus Management Inc. acquired a new position in shares of OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 accounts for about 1.4% of Karpus Management Inc.’s investment portfolio, making the stock its 24th biggest holding.

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.