OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) Short Interest Update

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 10,920 shares, a growth of 2,084.0% from the February 26th total of 500 shares. Based on an average trading volume of 3,163 shares, the days-to-cover ratio is presently 3.5 days. Based on an average trading volume of 3,163 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock. Karpus Management Inc. bought a new stake in shares of OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 269,146 shares of the company’s stock, valued at approximately $6,774,000. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock makes up about 1.4% of Karpus Management Inc.’s holdings, making the stock its 24th biggest holding.

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Stock Performance

NASDAQ:OCCIM opened at $24.72 on Wednesday. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock has a 1 year low of $24.18 and a 1 year high of $26.06. The stock’s fifty day moving average price is $25.08 and its two-hundred day moving average price is $25.08.

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.1641 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

OFS Credit Company, Inc is a closed-end management investment company organized as a Maryland corporation in November 2014 and externally managed by OFS Capital Management, LLC. The firm is structured to provide investors with access to private credit markets by investing primarily in debt instruments of middle-market companies based in the United States.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, unsecured loans, high-yield bonds and other corporate debt obligations.