OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 7,216 shares, an increase of 58.0% from the August 31st total of 4,566 shares. Based on an average daily volume of 1,943 shares, the short-interest ratio is currently 3.7 days.
OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Stock Performance
Shares of OCCIM traded down $0.09 during midday trading on Wednesday, hitting $24.81. 3,482 shares of the company’s stock traded hands, compared to its average volume of 2,474. 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. The firm’s fifty day moving average is $25.08 and its 200-day moving average is $25.08.
OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, January 29th. Investors of record on Friday, January 15th will be given a dividend of $0.1641 per share. This represents a $1.97 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Friday, January 15th.
OFS Credit Company, Inc is a closed-end management investment company focused primarily on investing in collateralized loan obligation (CLO) securities. Its portfolio generally includes CLO equity and debt tranches backed by pools of senior secured corporate loans, providing investors with exposure to corporate credit markets.
The company is externally managed by OFS Capital Management, LLC, an affiliate of OFS Capital Corporation. Through its investment manager, OFS Credit Company seeks to generate current income and, to a lesser extent, capital appreciation by investing in structured credit instruments and related opportunities.
OFS Credit Company’s 7.875% Series F Term Preferred Stock trades on the Nasdaq Capital Market under the symbol OCCIM.
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