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

OFS Credit Company, Inc. (NASDAQ:OCCI) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 289,200 shares, a growth of 122.3% from the February 28th total of 130,100 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily volume of 337,900 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On OFS Credit

Large investors have recently added to or reduced their stakes in the business. Virtus ETF Advisers LLC increased its stake in shares of OFS Credit by 14.2% during the 4th quarter. Virtus ETF Advisers LLC now owns 318,110 shares of the company’s stock valued at $2,262,000 after acquiring an additional 39,531 shares during the last quarter. Graypoint LLC increased its position in OFS Credit by 25.9% during the fourth quarter. Graypoint LLC now owns 164,826 shares of the company’s stock worth $1,172,000 after purchasing an additional 33,857 shares during the last quarter. Virtu Financial LLC acquired a new position in OFS Credit during the third quarter worth approximately $134,000. Nicolet Advisory Services LLC purchased a new position in OFS Credit during the fourth quarter worth approximately $105,000. Finally, LPL Financial LLC boosted its holdings in shares of OFS Credit by 1.4% in the 4th quarter. LPL Financial LLC now owns 106,421 shares of the company’s stock valued at $757,000 after purchasing an additional 1,445 shares during the last quarter. 23.77% of the stock is currently owned by hedge funds and other institutional investors.

OFS Credit Price Performance

NASDAQ:OCCI traded down $0.01 on Friday, reaching $6.19. The stock had a trading volume of 329,327 shares, compared to its average volume of 254,554. OFS Credit has a 12-month low of $6.07 and a 12-month high of $7.81. The company has a market cap of $97.49 million, a price-to-earnings ratio of 6.88 and a beta of 1.33. The firm’s fifty day moving average is $6.99 and its two-hundred day moving average is $7.18.

OFS Credit (NASDAQ:OCCI) last announced its quarterly earnings data on Friday, March 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $10.06 million for the quarter, compared to analysts’ expectations of $9.59 million. As a group, research analysts forecast that OFS Credit will post 0.89 earnings per share for the current fiscal year.

OFS Credit Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be given a $0.115 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 22.29%. The ex-dividend date of this dividend is Thursday, April 17th. OFS Credit’s dividend payout ratio is currently 211.11%.

OFS Credit Company Profile

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