Short Interest in OFS Credit Company, Inc. (NASDAQ:OCCIO) Decreases By 83.2%

OFS Credit Company, Inc. (NASDAQ:OCCIO) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 115 shares, a decline of 83.2% from the February 26th total of 683 shares. Based on an average trading volume of 2,478 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 2,478 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On OFS Credit

An institutional investor recently bought a new position in OFS Credit stock. Karpus Management Inc. purchased a new position in shares of OFS Credit Company, Inc. (NASDAQ:OCCIO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 78,615 shares of the company’s stock, valued at approximately $1,959,000.

OFS Credit Stock Up 0.0%

OCCIO traded up $0.01 during midday trading on Tuesday, reaching $24.96. 1,164 shares of the company’s stock were exchanged, compared to its average volume of 2,658. OFS Credit has a one year low of $24.20 and a one year high of $25.80. The business has a 50-day simple moving average of $25.02 and a two-hundred day simple moving average of $25.00.

OFS Credit Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be issued a $0.1234 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend 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.