Short Interest in OFS Credit Company, Inc. (NASDAQ:OCCIN) Drops By 87.9%

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 163 shares, a drop of 87.9% from the July 15th total of 1,342 shares. Based on an average daily volume of 1,576 shares, the short-interest ratio is presently 0.1 days.

OFS Credit Stock Down 0.1%

NASDAQ:OCCIN traded down $0.02 during midday trading on Wednesday, hitting $24.93. The stock had a trading volume of 4,893 shares, compared to its average volume of 3,159. OFS Credit has a one year low of $24.21 and a one year high of $26.00. The stock has a 50-day moving average of $24.81 and a 200 day moving average of $24.72.

OFS Credit Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a $0.1094 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Tuesday, December 15th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 15th. One 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.