OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 79,100 shares, a growth of 105.5% from the September 30th total of 38,500 shares. Based on an average trading volume of 271,900 shares, the days-to-cover ratio is presently 0.3 days.
OFS Credit Stock Down 0.3 %
NASDAQ:OCCI traded down $0.02 on Friday, hitting $7.03. The stock had a trading volume of 277,762 shares, compared to its average volume of 181,616. OFS Credit has a 52 week low of $5.47 and a 52 week high of $7.81. The business’s fifty day moving average is $7.39 and its 200 day moving average is $7.34. The company has a market cap of $110.72 million, a PE ratio of 12.12 and a beta of 1.33.
OFS Credit (NASDAQ:OCCI – Get Free Report) last issued its earnings results on Friday, September 13th. The company reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $7.45 million during the quarter. Equities analysts predict that OFS Credit will post 1.14 earnings per share for the current fiscal year.
OFS Credit Announces Dividend
Insider Buying and Selling at OFS Credit
In related news, major shareholder Eagle Point Credit Management sold 1,742 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $24.37, for a total transaction of $42,452.54. Following the completion of the sale, the insider now owns 15,435 shares of the company’s stock, valued at $376,150.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 8,110 shares of company stock valued at $196,539. 2.76% of the stock is currently owned by insiders.
Institutional Investors Weigh In On OFS Credit
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Graypoint LLC increased its holdings in OFS Credit by 4.5% during the 2nd quarter. Graypoint LLC now owns 124,991 shares of the company’s stock worth $901,000 after purchasing an additional 5,409 shares in the last quarter. Choreo LLC bought a new stake in OFS Credit during the first quarter worth $738,000. Finally, B. Riley Wealth Advisors Inc. raised its position in OFS Credit by 51.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,386 shares of the company’s stock valued at $171,000 after buying an additional 7,651 shares during the last quarter. 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.
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