Short Interest in OFS Credit Company, Inc. (NASDAQ:OCCI) Rises By 122.3%

OFS Credit Company, Inc. (NASDAQ:OCCI) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 289,200 shares, a growth of 122.3% from the February 28th total of 130,100 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average trading volume of 337,900 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On OFS Credit

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtus ETF Advisers LLC lifted its holdings in OFS Credit by 14.2% in the 4th quarter. Virtus ETF Advisers LLC now owns 318,110 shares of the company’s stock worth $2,262,000 after buying an additional 39,531 shares in the last quarter. Graypoint LLC raised its holdings in OFS Credit by 25.9% in the fourth 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. Virtu Financial LLC bought a new position in OFS Credit during the 3rd quarter valued at $134,000. Nicolet Advisory Services LLC acquired a new position in OFS Credit during the 4th quarter worth $105,000. Finally, LPL Financial LLC increased its position in shares of OFS Credit by 1.4% in the 4th quarter. LPL Financial LLC now owns 106,421 shares of the company’s stock worth $757,000 after purchasing an additional 1,445 shares during the last quarter. 23.77% of the stock is owned by institutional investors and hedge funds.

OFS Credit Stock Performance

OFS Credit stock opened at $6.19 on Friday. The company has a market cap of $97.49 million, a price-to-earnings ratio of 6.88 and a beta of 1.33. OFS Credit has a 1 year low of $6.07 and a 1 year high of $7.81. The firm has a 50 day moving average price of $6.99 and a 200 day moving average price of $7.17.

OFS Credit (NASDAQ:OCCI) last posted its earnings results on Friday, March 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $10.06 million for the quarter, compared to analyst estimates of $9.59 million. Sell-side analysts predict that OFS Credit will post 0.89 EPS for the current year.

OFS Credit Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be paid a $0.115 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 22.29%. OFS Credit’s dividend payout ratio (DPR) is currently 230.16%.

About OFS Credit

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