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

OFS Credit Company, Inc. (NASDAQ:OCCIN) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,257 shares, a decrease of 53.3% from the April 30th total of 2,694 shares. Based on an average daily volume of 2,947 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut OFS Credit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

OFS Credit Stock Performance

Shares of OFS Credit stock traded up $0.03 on Tuesday, reaching $24.80. 3,809 shares of the stock were exchanged, compared to its average volume of 3,603. The firm’s 50 day moving average is $24.68 and its 200-day moving average is $24.61. OFS Credit has a one year low of $23.88 and a one year high of $24.93.

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.