OFS Credit Company, Inc. (NASDAQ:OCCIO) Sees Significant Decrease in Short Interest

OFS Credit Company, Inc. (NASDAQ:OCCIO) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 2,574 shares, a decrease of 16.2% from the December 31st total of 3,070 shares. Based on an average daily volume of 1,909 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 1,909 shares, the short-interest ratio is presently 1.3 days.

OFS Credit Trading Up 0.0%

OFS Credit stock traded up $0.01 during midday trading on Monday, reaching $25.01. 8,127 shares of the company were exchanged, compared to its average volume of 3,386. The firm’s 50-day simple moving average is $25.01 and its 200-day simple moving average is $24.98. OFS Credit has a 1 year low of $24.20 and a 1 year high of $25.80.

OFS Credit Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be issued a $0.1234 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) annualized dividend and a yield of 5.9%.

About OFS Credit

OFS Credit Company, Inc (NASDAQ:OCCIO), headquartered in St. Petersburg, Florida, is a closed?end investment company that seeks to generate current income and capital appreciation by investing in privately negotiated debt and equity securities of U.S. middle?market companies. Organized as a business development company under the Investment Company Act of 1940, OFS Credit began operations in 2021 and is externally managed by OFS Capital Management, LLC.

The firm’s investment strategy emphasizes flexible financing solutions, including senior secured loans, second?lien and mezzanine debt, and opportunistic equity interests.