OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) Sees Large Increase in Short Interest

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 3,074 shares, an increase of 120.2% from the July 30th total of 1,396 shares. Based on an average daily volume of 3,298 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock

An institutional investor recently bought a new stake in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock. Karpus Management Inc. acquired a new stake in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 269,146 shares of the company’s stock, valued at approximately $6,774,000. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock comprises approximately 1.4% of Karpus Management Inc.’s investment portfolio, making the stock its 24th biggest position.

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Price Performance

NASDAQ:OCCIM opened at $25.20 on Monday. The stock’s fifty day moving average price is $25.11 and its two-hundred day moving average price is $25.09. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock has a 52-week low of $24.42 and a 52-week high of $26.06.

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be paid a dividend of $0.1641 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, January 15th.

OFS Credit Company, Inc is a closed-end management investment company organized as a Maryland corporation in November 2014 and externally managed by OFS Capital Management, LLC. The firm is structured to provide investors with access to private credit markets by investing primarily in debt instruments of middle-market companies based in the United States.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, unsecured loans, high-yield bonds and other corporate debt obligations.