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

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,342 shares, an increase of 87.2% from the June 30th total of 717 shares. Based on an average trading volume of 1,651 shares, the short-interest ratio is presently 0.8 days.

OFS Credit Trading Up 0.1%

Shares of OCCIN opened at $24.86 on Friday. OFS Credit has a 1 year low of $24.21 and a 1 year high of $24.95. The stock has a 50-day simple moving average of $24.79 and a 200-day simple moving average of $24.71.

OFS Credit Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

OFS Credit Company Profile

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.