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

OFS Credit Company, Inc. (NASDAQ:OCCIO) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 2,710 shares, a growth of 2,256.5% from the March 15th total of 115 shares. Based on an average trading volume of 1,028 shares, the short-interest ratio is presently 2.6 days.

Institutional Investors Weigh In On OFS Credit

An institutional investor recently bought a new position in OFS Credit stock. Karpus Management Inc. acquired a new stake in shares of OFS Credit Company, Inc. (NASDAQ:OCCIO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 78,615 shares of the company’s stock, valued at approximately $1,959,000.

OFS Credit Price Performance

NASDAQ OCCIO remained flat at $25.06 during trading on Friday. 366 shares of the company’s stock traded hands, compared to its average volume of 2,389. OFS Credit has a 1-year low of $24.24 and a 1-year high of $25.80. The business’s 50-day simple moving average is $25.02 and its 200 day simple moving average is $25.00.

OFS Credit Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.1234 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) annualized dividend and a yield of 5.9%.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ:OCCIO), headquartered in St. Petersburg, Florida, is a closed‐end investment company that seeks to generate current income and capital appreciation by investing in privately negotiated debt and equity securities of U.S. middle‐market companies. Organized as a business development company under the Investment Company Act of 1940, OFS Credit began operations in 2021 and is externally managed by OFS Capital Management, LLC.

The firm’s investment strategy emphasizes flexible financing solutions, including senior secured loans, second‐lien and mezzanine debt, and opportunistic equity interests.