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

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

Institutional Inflows and Outflows

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) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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 & Exchange Commission. 23.77% of the stock is owned by institutional investors.

OFS Credit Price Performance

Shares of OCCI stock traded up $0.01 during trading on Monday, reaching $7.08. The company had a trading volume of 82,919 shares, compared to its average volume of 198,213. The firm’s 50 day simple moving average is $7.19 and its two-hundred day simple moving average is $7.30. OFS Credit has a one year low of $6.40 and a one year high of $7.81. The company has a market capitalization of $111.50 million, a PE ratio of 7.87 and a beta of 1.33.

OFS Credit Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a $0.115 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 19.49%. The ex-dividend date is Tuesday, January 21st. OFS Credit’s payout ratio is 155.56%.

OFS Credit Company Profile

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