Short Interest in OFS Capital Co. (NASDAQ:OFS) Drops By 35.6%

OFS Capital Co. (NASDAQ:OFS) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 39,700 shares, a decrease of 35.6% from the January 31st total of 61,600 shares. Based on an average daily volume of 49,800 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Trading of OFS Capital

A number of hedge funds have recently bought and sold shares of the company. Two Sigma Advisers LP boosted its position in OFS Capital by 16.3% during the fourth quarter. Two Sigma Advisers LP now owns 199,200 shares of the investment management company’s stock worth $1,608,000 after acquiring an additional 27,900 shares during the last quarter. Bulldog Investors LLP acquired a new stake in OFS Capital during the fourth quarter worth approximately $916,000. Arkadios Wealth Advisors boosted its position in OFS Capital by 7.7% during the fourth quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company’s stock worth $713,000 after acquiring an additional 6,332 shares during the last quarter. Virtus ETF Advisers LLC boosted its position in OFS Capital by 15.8% during the fourth quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company’s stock worth $519,000 after acquiring an additional 8,784 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in OFS Capital by 36.8% during the fourth quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock worth $490,000 after acquiring an additional 16,327 shares during the last quarter. Institutional investors and hedge funds own 10.81% of the company’s stock.

OFS Capital Price Performance

Shares of OFS stock traded up $0.05 during trading hours on Monday, hitting $8.35. The company’s stock had a trading volume of 50,165 shares, compared to its average volume of 34,242. The business has a fifty day moving average of $8.14 and a 200-day moving average of $8.21. The stock has a market cap of $111.87 million, a price-to-earnings ratio of -92.77 and a beta of 1.75. OFS Capital has a twelve month low of $7.75 and a twelve month high of $11.94. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.55.

OFS Capital (NASDAQ:OFS) last released its quarterly earnings results on Monday, March 3rd. The investment management company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. As a group, equities research analysts anticipate that OFS Capital will post 1.17 EPS for the current year.

OFS Capital Company Profile

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.