OFS Credit Company, Inc. (NASDAQ:OCCI) Sees Significant Decrease in Short Interest

OFS Credit Company, Inc. (NASDAQ:OCCI) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 113,200 shares, a decline of 16.2% from the November 30th total of 135,100 shares. Based on an average trading volume of 283,800 shares, the days-to-cover ratio is currently 0.4 days.

OFS Credit Stock Down 0.6 %

NASDAQ OCCI traded down $0.04 on Friday, hitting $7.07. 194,277 shares of the stock were exchanged, compared to its average volume of 198,688. OFS Credit has a fifty-two week low of $6.27 and a fifty-two week high of $7.81. The company has a 50-day moving average price of $7.19 and a 200-day moving average price of $7.30. The company has a market cap of $111.35 million, a PE ratio of 7.86 and a beta of 1.33.

OFS Credit Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be paid a dividend of $0.115 per share. The ex-dividend date is Tuesday, January 21st. This represents a $1.38 dividend on an annualized basis and a dividend yield of 19.52%. OFS Credit’s payout ratio is currently 155.56%.

Hedge Funds Weigh In On OFS Credit

An institutional investor recently bought a new position in OFS Credit stock. Virtu Financial LLC acquired a new stake in OFS Credit Company, Inc. (NASDAQ:OCCI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,064 shares of the company’s stock, valued at approximately $134,000. Virtu Financial LLC owned about 0.11% of OFS Credit as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 23.77% of the company’s stock.

About OFS Credit

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