OFS Credit Company, Inc. (NASDAQ:OCCIN) Short Interest Update

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the recipient of a large increase in short interest during 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 currently 0.8 days.

OFS Credit Stock Up 0.1%

Shares of OFS Credit stock opened at $24.82 on Thursday. OFS Credit has a 1 year low of $24.21 and a 1 year high of $24.95. The stock has a fifty day moving average price of $24.79 and a 200-day moving average price of $24.70.

OFS Credit Dividend Announcement

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

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently 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.