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

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 163 shares, a decline of 87.9% from the July 15th total of 1,342 shares. Based on an average daily volume of 1,576 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, OFS Credit presently has a consensus rating of “Sell”.

OFS Credit Price Performance

Shares of NASDAQ:OCCIN traded down $0.01 during midday trading on Friday, reaching $24.93. The company’s stock had a trading volume of 554 shares, compared to its average volume of 3,154. OFS Credit has a 1 year low of $24.21 and a 1 year high of $26.00. The business has a 50 day moving average price of $24.82 and a 200 day moving average price of $24.72.

OFS Credit Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.1094 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, December 15th.

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.