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

OFS Credit Company, Inc. (NASDAQ:OCCIN) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 163 shares, a decrease of 87.9% from the July 15th total of 1,342 shares. Based on an average daily volume of 1,576 shares, the short-interest ratio is currently 0.1 days.

OFS Credit Stock Performance

NASDAQ:OCCIN traded up $0.03 during midday trading on Thursday, reaching $24.96. The stock had a trading volume of 5,125 shares, compared to its average volume of 3,172. OFS Credit has a 1-year low of $24.21 and a 1-year high of $26.00. The firm’s fifty day simple moving average is $24.81 and its 200-day simple moving average is $24.72.

OFS Credit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors 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%.

Analysts Set New Price Targets

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