OFS Credit Company, Inc. (NASDAQ:OCCIN) Short Interest Up 137.8% in April

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 2,694 shares, a growth of 137.8% from the April 15th total of 1,133 shares. Based on an average trading volume of 2,717 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered OFS Credit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

OFS Credit Trading Down 0.4%

NASDAQ OCCIN traded down $0.09 during trading hours on Friday, reaching $24.78. 423 shares of the stock traded hands, compared to its average volume of 3,657. The stock has a 50 day simple moving average of $24.65 and a two-hundred day simple moving average of $24.58. OFS Credit has a 1 year low of $23.88 and a 1 year high of $24.90.

About OFS Credit

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.