OFS Credit Company, Inc. (NASDAQ:OCCIN) Sees Large Decrease in Short Interest

OFS Credit Company, Inc. (NASDAQ:OCCIN) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 282 shares, a decrease of 65.3% from the May 31st total of 813 shares. Based on an average daily volume of 1,898 shares, the days-to-cover ratio is currently 0.1 days.

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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

OFS Credit Trading Up 0.2%

OCCIN stock traded up $0.04 during trading on Monday, hitting $24.80. The company had a trading volume of 1,111 shares, compared to its average volume of 3,332. The company has a 50 day simple moving average of $24.78 and a 200-day simple moving average of $24.66. OFS Credit has a 52-week low of $24.10 and a 52-week high of $24.95.

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.