OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) Short Interest Up 4,445.5% in February

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 500 shares, an increase of 4,445.5% from the February 12th total of 11 shares. Based on an average daily volume of 1,989 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 1,989 shares, the days-to-cover ratio is presently 0.3 days.

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

Shares of OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock opened at $24.72 on Thursday. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock has a 52-week low of $24.18 and a 52-week high of $26.06. The company’s 50 day moving average price is $25.16 and its 200-day moving average price is $25.11.

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

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.1641 dividend. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

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

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 stake in shares of OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 comprises about 1.4% of Karpus Management Inc.’s portfolio, making the stock its 24th largest 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.