OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) Sees Large Drop in Short Interest

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIMGet Free Report) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 1,138 shares, a decrease of 61.6% from the April 15th total of 2,964 shares. Based on an average trading volume of 869 shares, the days-to-cover ratio is currently 1.3 days.

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Stock Up 0.3%

Shares of NASDAQ:OCCIM traded up $0.09 on Friday, hitting $25.54. The company had a trading volume of 1,052 shares, compared to its average volume of 1,926. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock has a 52-week low of $24.42 and a 52-week high of $26.06. The business has a 50 day moving average of $25.01 and a 200 day moving average of $25.08.

Institutional Trading of OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock

An institutional investor recently bought a new position in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock. Karpus Management Inc. acquired a new stake in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIMFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 269,146 shares of the company’s stock, valued at approximately $6,774,000. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock makes up 1.4% of Karpus Management Inc.’s portfolio, making the stock its 24th biggest position.

OFS Credit Company, Inc is a closed-end management investment company organized as a Maryland corporation in November 2014 and externally managed by OFS Capital Management, LLC. The firm is structured to provide investors with access to private credit markets by investing primarily in debt instruments of middle-market companies based in the United States.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, unsecured loans, high-yield bonds and other corporate debt obligations.

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