OFS Credit Company, Inc. (NASDAQ:OCCIN) Short Interest Update

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 717 shares, a growth of 154.3% from the June 15th total of 282 shares. Based on an average daily volume of 1,163 shares, the short-interest ratio is currently 0.6 days.

OFS Credit Price Performance

Shares of OCCIN stock opened at $24.84 on Tuesday. The firm has a fifty day moving average of $24.78 and a two-hundred day moving average of $24.68. OFS Credit has a 1-year low of $24.21 and a 1-year high of $24.95.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, OFS Credit presently has an average rating of “Sell”.

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.