Short Interest in OFS Credit Company, Inc. (NASDAQ:OCCI) Rises By 293.7%

OFS Credit Company, Inc. (NASDAQ:OCCI) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 254,300 shares, a growth of 293.7% from the August 31st total of 64,600 shares. Based on an average daily volume of 266,800 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 266,800 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in OFS Credit during the 1st quarter worth $432,000. Jane Street Group LLC bought a new stake in OFS Credit in the first quarter valued at about $385,000. Naviter Wealth LLC acquired a new stake in OFS Credit during the second quarter valued at approximately $128,000. Prospera Financial Services Inc bought a new position in shares of OFS Credit during the second quarter valued at approximately $74,000. Finally, MinichMacGregor Wealth Management LLC acquired a new stake in shares of OFS Credit during the 2nd quarter worth approximately $73,000. Hedge funds and other institutional investors own 23.77% of the company’s stock.

OFS Credit Price Performance

NASDAQ OCCI opened at $5.54 on Friday. The business has a 50 day moving average price of $5.78 and a 200 day moving average price of $6.13. The company has a market capitalization of $87.26 million, a P/E ratio of 23.08 and a beta of 0.65. OFS Credit has a 1-year low of $5.21 and a 1-year high of $7.58.

OFS Credit (NASDAQ:OCCI) last posted its earnings results on Friday, September 12th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.07). The business had revenue of $12.05 million during the quarter, compared to the consensus estimate of $12.05 million. On average, research analysts expect that OFS Credit will post 0.89 earnings per share for the current fiscal year.

OFS Credit Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.115 dividend. The ex-dividend date was Friday, August 15th. This represents a c) annualized dividend and a yield of 24.9%. OFS Credit’s payout ratio is 575.00%.

OFS Credit Company Profile

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