OFS Credit Company, Inc. (NASDAQ:OCCIN) Stock Short Interest Report for October

OFS Credit Company, Inc. (NASDAQ:OCCIN) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 315 shares, a drop of 83.6% from the October 15th total of 1,918 shares. Based on an average daily volume of 2,467 shares, the days-to-cover ratio is presently 0.1 days.

OFS Credit Price Performance

NASDAQ:OCCIN traded up $0.05 during trading hours on Friday, hitting $25.01. 1,794 shares of the stock traded hands, compared to its average volume of 3,110. The stock has a 50 day moving average price of $24.96 and a 200 day moving average price of $24.80. OFS Credit has a 1 year low of $24.30 and a 1 year high of $26.00.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of OFS Credit in a report on Friday, September 11th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, OFS Credit has an average rating of “Sell”.

OFS Credit Company Profile

OFS Credit Company, Inc. is a closed-end investment company that seeks to generate current income and, secondarily, capital appreciation. It invests primarily in collateralized loan obligation (CLO) securities, including equity and debt tranches, and other structured credit investments. CLOs in its portfolio are backed largely by loans to U.S. companies. The company is externally managed by OFS Capital Management, LLC, an investment adviser specializing in structured credit and corporate lending.