OFS Credit Company, Inc. (NASDAQ:OCCIN) Sees Large Growth in Short Interest

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,342 shares, an increase of 87.2% from the June 30th total of 717 shares. Based on an average daily trading volume, of 1,651 shares, the short-interest ratio is presently 0.8 days.

OFS Credit Trading Up 0.1%

Shares of OCCIN stock opened at $24.82 on Thursday. The business’s 50 day simple moving average is $24.79 and its 200 day simple moving average is $24.70. OFS Credit has a one year low of $24.21 and a one year high of $24.95.

OFS Credit Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a $0.1094 dividend. The ex-dividend date is Tuesday, December 15th. This represents a c) annualized dividend and a dividend yield of 5.3%.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of 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.com, OFS Credit has an average rating of “Sell”.

OFS Credit Company Profile

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.