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

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 19 shares. Based on an average daily volume of 4,111 shares, the short-interest ratio is presently 0.0 days.

OFS Credit Stock Up 0.1%

Shares of OCCIN opened at $24.91 on Friday. The firm’s fifty day simple moving average is $24.95 and its two-hundred day simple moving average is $24.83. OFS Credit has a 12 month low of $24.30 and a 12 month high of $26.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of OFS Credit in a report on Friday, September 11th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, OFS Credit presently has a consensus rating of “Sell”.

OFS Credit Company Profile

OFS Credit Company, Inc is a closed-end investment company focused primarily on investments in structured credit. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in collateralized loan obligations (CLOs), including CLO debt and equity tranches.

CLOs are portfolios of corporate loans that are divided into securities with different levels of risk and payment priority. OFS Credit may invest across various parts of the CLO capital structure, with its portfolio generally consisting of interests backed by broadly syndicated senior secured loans and other corporate credit assets.

The company is externally managed by OFS Capital Management, LLC, an affiliate of OFS Capital Corporation.