OFS Credit Company, Inc. (NASDAQ:OCCIN) Short Interest Down 87.9% in July

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 163 shares, a decline of 87.9% from the July 15th total of 1,342 shares. Based on an average trading volume of 1,576 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

OFS Credit Trading Down 0.1%

Shares of OCCIN stock traded down $0.02 during mid-day trading on Wednesday, hitting $24.93. 4,893 shares of the stock were exchanged, compared to its average volume of 3,159. OFS Credit has a 52-week low of $24.21 and a 52-week high of $26.00. The firm has a fifty day moving average of $24.81 and a 200 day moving average of $24.72.

OFS Credit Dividend Announcement

The business also recently declared 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.