Short Interest in OFS Credit Company, Inc. (NASDAQ:OCCI) Decreases By 25.6%

OFS Credit Company, Inc. (NASDAQ:OCCI) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 135,100 shares, a decrease of 25.6% from the November 15th total of 181,700 shares. Based on an average trading volume of 297,000 shares, the days-to-cover ratio is presently 0.5 days.

OFS Credit Trading Up 0.3 %

Shares of OCCI traded up $0.02 during mid-day trading on Friday, hitting $7.47. The company’s stock had a trading volume of 167,590 shares, compared to its average volume of 193,696. OFS Credit has a 1-year low of $6.27 and a 1-year high of $7.81. The firm has a market capitalization of $117.65 million, a P/E ratio of 8.31 and a beta of 1.33. The firm has a 50-day simple moving average of $7.23 and a 200 day simple moving average of $7.33.

OFS Credit (NASDAQ:OCCI) last announced its quarterly earnings data on Friday, September 13th. The company reported $0.47 EPS for the quarter. The company had revenue of $7.45 million during the quarter.

OFS Credit Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a dividend of $0.115 per share. This represents a $1.38 annualized dividend and a dividend yield of 18.47%. The ex-dividend date of this dividend is Tuesday, January 21st. OFS Credit’s dividend payout ratio (DPR) is 143.33%.

Insider Activity

In related news, major shareholder Eagle Point Credit Management sold 1,375 shares of OFS Credit stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $23.52, for a total value of $32,340.00. Following the transaction, the insider now directly owns 31,107 shares in the company, valued at $731,636.64. This trade represents a 4.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.76% of the company’s stock.

Institutional Trading of OFS Credit

A hedge fund recently bought a new stake in OFS Credit stock. Virtu Financial LLC acquired a new stake in OFS Credit Company, Inc. (NASDAQ:OCCI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,064 shares of the company’s stock, valued at approximately $134,000. Virtu Financial LLC owned about 0.11% of OFS Credit at the end of the most recent quarter. 23.77% of the stock is owned by hedge funds and other institutional investors.

About OFS Credit

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