OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM – Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 7,216 shares, an increase of 58.0% from the August 31st total of 4,566 shares. Based on an average trading volume of 1,943 shares, the short-interest ratio is presently 3.7 days.
OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Price Performance
OCCIM stock traded down $0.09 during trading on Wednesday, reaching $24.81. 3,482 shares of the company traded hands, compared to its average volume of 2,474. The business has a 50 day simple moving average of $25.08 and a 200 day simple moving average of $25.08. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock has a 12 month low of $24.42 and a 12 month 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 issued a $0.1641 dividend. This represents a $1.97 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Friday, January 15th.
OFS Credit Company, Inc is a closed-end management investment company focused primarily on investing in collateralized loan obligation (CLO) securities. Its portfolio generally includes CLO equity and debt tranches backed by pools of senior secured corporate loans, providing investors with exposure to corporate credit markets.
The company is externally managed by OFS Capital Management, LLC, an affiliate of OFS Capital Corporation. Through its investment manager, OFS Credit Company seeks to generate current income and, to a lesser extent, capital appreciation by investing in structured credit instruments and related opportunities.
OFS Credit Company’s 7.875% Series F Term Preferred Stock trades on the Nasdaq Capital Market under the symbol OCCIM.
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