OFS Credit Company, Inc. (NASDAQ:OCCI) Short Interest Down 31.8% in August

OFS Credit Company, Inc. (NASDAQ:OCCI) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 48,600 shares, a decline of 31.8% from the August 15th total of 71,300 shares. Based on an average daily trading volume, of 202,400 shares, the days-to-cover ratio is currently 0.2 days.

Insider Buying and Selling

In related news, major shareholder Eagle Point Credit Management sold 3,472 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $24.21, for a total value of $84,057.12. Following the transaction, the insider now directly owns 25,287 shares of the company’s stock, valued at approximately $612,198.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 13,785 shares of company stock valued at $334,657. 2.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC increased its stake in shares of OFS Credit by 81.7% in the first quarter. Lindbrook Capital LLC now owns 8,000 shares of the company’s stock worth $57,000 after buying an additional 3,596 shares during the period. Graypoint LLC raised its position in OFS Credit by 4.5% in the 2nd quarter. Graypoint LLC now owns 124,991 shares of the company’s stock worth $901,000 after buying an additional 5,409 shares during the last quarter. International Assets Investment Management LLC raised its position in OFS Credit by 29.3% in the 1st quarter. International Assets Investment Management LLC now owns 27,232 shares of the company’s stock worth $192,000 after buying an additional 6,172 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in OFS Credit by 51.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company’s stock worth $171,000 after buying an additional 7,651 shares during the last quarter. Finally, True North Advisors LLC purchased a new stake in shares of OFS Credit during the 1st quarter valued at about $80,000. 23.77% of the stock is currently owned by institutional investors.

OFS Credit Trading Down 0.4 %

Shares of OFS Credit stock traded down $0.03 on Monday, reaching $7.61. The stock had a trading volume of 381,021 shares, compared to its average volume of 162,309. OFS Credit has a 1 year low of $5.47 and a 1 year high of $7.81. The company has a market cap of $119.85 million, a P/E ratio of 13.12 and a beta of 1.33. The business’s 50 day moving average is $7.33 and its two-hundred day moving average is $7.27.

OFS Credit Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, October 21st will be given a $0.115 dividend. This represents a $1.38 annualized dividend and a dividend yield of 18.13%. The ex-dividend date of this dividend is Monday, October 21st. OFS Credit’s dividend payout ratio (DPR) is 196.55%.

About OFS Credit

OFS Credit Company, Inc is a fund of OFS Advisor.