OFS Credit Company, Inc. (NASDAQ:OCCIN) Stock Short Interest Report for October

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,918 shares, a growth of 9,994.7% from the September 30th total of 19 shares. Based on an average daily trading volume, of 1,702 shares, the short-interest ratio is presently 1.1 days.

OFS Credit Price Performance

Shares of OCCIN traded down $0.01 during midday trading on Tuesday, reaching $24.91. The stock had a trading volume of 7,596 shares, compared to its average volume of 3,183. The company’s 50-day moving average is $24.94 and its 200 day moving average is $24.77. OFS Credit has a 12-month low of $24.30 and a 12-month high of $26.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of OFS Credit in a report on Friday, September 11th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About OFS Credit

OFS Credit Company, Inc is a closed-end investment company focused primarily on investments in structured credit. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in collateralized loan obligations (CLOs), including CLO debt and equity tranches.

CLOs are portfolios of corporate loans that are divided into securities with different levels of risk and payment priority. OFS Credit may invest across various parts of the CLO capital structure, with its portfolio generally consisting of interests backed by broadly syndicated senior secured loans and other corporate credit assets.

The company is externally managed by OFS Capital Management, LLC, an affiliate of OFS Capital Corporation.