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

OFS Credit Company, Inc. (NASDAQ:OCCI) was the recipient of a significant 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 daily trading volume, of 283,800 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of OFS Credit

A hedge fund recently raised its stake in OFS Credit stock. Graypoint LLC lifted its holdings in OFS Credit Company, Inc. (NASDAQ:OCCI) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,991 shares of the company’s stock after acquiring an additional 5,409 shares during the quarter. Graypoint LLC owned approximately 0.79% of OFS Credit worth $901,000 at the end of the most recent reporting period. Institutional investors own 23.77% of the company’s stock.

OFS Credit Stock Up 0.9 %

OCCI stock traded up $0.06 during mid-day trading on Tuesday, reaching $7.11. 248,724 shares of the stock traded hands, compared to its average volume of 198,900. The business has a 50-day moving average of $7.18 and a two-hundred day moving average of $7.30. The firm has a market capitalization of $111.98 million, a PE ratio of 7.90 and a beta of 1.33. OFS Credit has a 52 week low of $6.40 and a 52 week high of $7.81.

OFS Credit Announces Dividend

The firm 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 $0.115 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $1.38 dividend on an annualized basis and a yield of 19.41%. OFS Credit’s payout ratio is currently 155.56%.

OFS Credit Company Profile

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