OFS Credit Company, Inc. (NASDAQ:OCCIN) Short Interest Update

OFS Credit Company, Inc. (NASDAQ:OCCIN) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 813 shares, a decrease of 35.3% from the May 14th total of 1,257 shares. Based on an average daily trading volume, of 3,117 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

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

OFS Credit Trading Up 0.2%

OFS Credit stock traded up $0.06 during mid-day trading on Tuesday, hitting $24.85. 2,302 shares of the company’s stock traded hands, compared to its average volume of 3,438. The firm has a 50 day simple moving average of $24.74 and a two-hundred day simple moving average of $24.64. OFS Credit has a fifty-two week low of $24.00 and a fifty-two week 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.