Short Interest in OFS Capital Co. (NASDAQ:OFS) Declines By 35.6%

OFS Capital Co. (NASDAQ:OFS) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 39,700 shares, a drop of 35.6% from the January 31st total of 61,600 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 49,800 shares, the days-to-cover ratio is presently 0.8 days.

OFS Capital Stock Performance

OFS opened at $8.30 on Friday. OFS Capital has a 1-year low of $7.75 and a 1-year high of $11.94. The stock has a market cap of $111.20 million, a P/E ratio of -92.21 and a beta of 1.75. The stock’s 50 day simple moving average is $8.14 and its 200 day simple moving average is $8.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12.

Institutional Trading of OFS Capital

Large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of OFS Capital by 245.3% in the 4th quarter. Bank of America Corp DE now owns 7,079 shares of the investment management company’s stock worth $57,000 after buying an additional 5,029 shares in the last quarter. Jane Street Group LLC acquired a new position in OFS Capital during the third quarter worth about $115,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of OFS Capital by 44.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,066 shares of the investment management company’s stock valued at $396,000 after purchasing an additional 15,109 shares during the last quarter. Trexquant Investment LP increased its stake in shares of OFS Capital by 36.8% during the 4th quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock worth $490,000 after purchasing an additional 16,327 shares in the last quarter. Finally, Virtus ETF Advisers LLC raised its position in shares of OFS Capital by 15.8% during the 4th quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company’s stock worth $519,000 after purchasing an additional 8,784 shares during the last quarter. Institutional investors and hedge funds own 10.81% of the company’s stock.

OFS Capital Company Profile

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.