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

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

OFS Credit Price Performance

NASDAQ:OCCI traded up $0.06 during midday trading on Tuesday, reaching $7.11. 248,724 shares of the company traded hands, compared to its average volume of 198,900. OFS Credit has a twelve month low of $6.40 and a twelve month high of $7.81. The company has a fifty day moving average price of $7.18 and a 200 day moving average price of $7.30. The firm has a market capitalization of $111.98 million, a price-to-earnings ratio of 7.90 and a beta of 1.33.

OFS Credit Dividend Announcement

The business also recently disclosed 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. This represents a $1.38 dividend on an annualized basis and a dividend yield of 19.41%. The ex-dividend date is Tuesday, January 21st. OFS Credit’s dividend payout ratio is currently 155.56%.

Institutional Investors Weigh In On OFS Credit

A hedge fund recently bought a new stake in OFS Credit stock. Virtu Financial LLC purchased a new stake in OFS Credit Company, Inc. (NASDAQ:OCCI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,064 shares of the company’s stock, valued at approximately $134,000. Virtu Financial LLC owned 0.11% of OFS Credit as of its most recent SEC filing. 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.