OFS Credit Company, Inc. (NASDAQ:OCCI) Sees Large Growth in Short Interest

OFS Credit Company, Inc. (NASDAQ:OCCI) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 301,700 shares, anincreaseof76.5% from the July 15th total of 170,900 shares. Approximately1.9% of the shares of the company are short sold. Based on an average trading volume of 297,000 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 297,000 shares, the short-interest ratio is presently 1.0 days. Approximately1.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in OFS Credit during the 2nd quarter worth $26,000. Fisher Asset Management LLC bought a new position in OFS Credit during the 2nd quarter worth $69,000. Prospera Financial Services Inc bought a new position in OFS Credit during the 2nd quarter worth $74,000. Naviter Wealth LLC bought a new position in OFS Credit during the 2nd quarter worth $128,000. Finally, MinichMacGregor Wealth Management LLC bought a new position in OFS Credit during the 2nd quarter worth $73,000. 23.77% of the stock is currently owned by institutional investors.

OFS Credit Trading Down 0.2%

OCCI stock opened at $5.61 on Wednesday. The firm has a market cap of $88.35 million, a P/E ratio of 33.00 and a beta of 0.80. OFS Credit has a 12-month low of $5.26 and a 12-month high of $7.78. The stock’s 50 day simple moving average is $6.06 and its 200 day simple moving average is $6.43.

OFS Credit (NASDAQ:OCCI) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.13. The firm had revenue of $10.24 million for the quarter, compared to analyst estimates of $11.44 million. During the same period in the prior year, the company posted $0.28 earnings per share. On average, research analysts forecast that OFS Credit will post 0.89 EPS for the current fiscal year.

OFS Credit Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a dividend of $0.115 per share. This represents a c) dividend on an annualized basis and a yield of 24.6%. The ex-dividend date is Wednesday, October 15th. OFS Credit’s dividend payout ratio is presently 876.47%.

About OFS Credit

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