OFS Credit Company, Inc. (NASDAQ:OCCI) Short Interest Down 17.1% in February

OFS Credit Company, Inc. (NASDAQ:OCCI) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 130,100 shares, a drop of 17.1% from the February 13th total of 156,900 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 277,600 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of OFS Credit

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nicolet Advisory Services LLC bought a new position in shares of OFS Credit during the fourth quarter worth approximately $105,000. Virtu Financial LLC acquired a new stake in OFS Credit during the third quarter worth approximately $134,000. LPL Financial LLC increased its stake in OFS Credit by 1.4% during the 4th quarter. LPL Financial LLC now owns 106,421 shares of the company’s stock worth $757,000 after acquiring an additional 1,445 shares during the period. Graypoint LLC raised its holdings in OFS Credit by 25.9% in the 4th quarter. Graypoint LLC now owns 164,826 shares of the company’s stock valued at $1,172,000 after acquiring an additional 33,857 shares in the last quarter. Finally, Virtus ETF Advisers LLC lifted its position in shares of OFS Credit by 14.2% during the 4th quarter. Virtus ETF Advisers LLC now owns 318,110 shares of the company’s stock valued at $2,262,000 after acquiring an additional 39,531 shares during the period. Institutional investors and hedge funds own 23.77% of the company’s stock.

OFS Credit Trading Up 0.2 %

Shares of NASDAQ:OCCI traded up $0.02 during trading on Thursday, reaching $6.84. 359,706 shares of the stock were exchanged, compared to its average volume of 240,340. The firm has a market cap of $107.66 million, a PE ratio of 7.60 and a beta of 1.33. OFS Credit has a 12 month low of $6.52 and a 12 month high of $7.81. The stock has a 50-day moving average price of $7.09 and a 200-day moving average price of $7.22.

OFS Credit (NASDAQ:OCCI) last issued its quarterly earnings data on Friday, March 14th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $10.06 million during the quarter, compared to analyst estimates of $9.59 million. On average, sell-side analysts expect that OFS Credit will post 0.89 earnings per share for the current fiscal year.

OFS Credit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be given a dividend of $0.115 per share. This represents a $1.38 dividend on an annualized basis and a yield of 20.19%. The ex-dividend date of this dividend is Thursday, April 17th. OFS Credit’s dividend payout ratio is 211.11%.

About OFS Credit

OFS Credit Company, Inc is a fund of OFS Advisor.