OFS Credit Company, Inc. (NASDAQ:OCCI) Short Interest Update

OFS Credit Company, Inc. (NASDAQ:OCCI) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 289,200 shares, an increase of 122.3% from the February 28th total of 130,100 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 337,900 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On OFS Credit

A number of large investors have recently modified their holdings of the stock. Virtus ETF Advisers LLC raised its holdings in shares of OFS Credit by 14.2% during the 4th quarter. Virtus ETF Advisers LLC now owns 318,110 shares of the company’s stock valued at $2,262,000 after buying an additional 39,531 shares during the period. Graypoint LLC grew its position in OFS Credit by 25.9% in the fourth quarter. Graypoint LLC now owns 164,826 shares of the company’s stock valued at $1,172,000 after acquiring an additional 33,857 shares in the last quarter. LPL Financial LLC raised its stake in shares of OFS Credit by 1.4% during the fourth quarter. LPL Financial LLC now owns 106,421 shares of the company’s stock valued at $757,000 after purchasing an additional 1,445 shares during the period. Virtu Financial LLC acquired a new position in shares of OFS Credit during the third quarter worth $134,000. Finally, Nicolet Advisory Services LLC purchased a new position in shares of OFS Credit in the fourth quarter valued at $105,000. Institutional investors and hedge funds own 23.77% of the company’s stock.

OFS Credit Price Performance

NASDAQ OCCI traded down $0.01 during mid-day trading on Friday, hitting $6.19. The company’s stock had a trading volume of 329,327 shares, compared to its average volume of 254,554. The firm has a market capitalization of $97.49 million, a P/E ratio of 6.88 and a beta of 1.33. OFS Credit has a 52-week low of $6.07 and a 52-week high of $7.81. The stock’s fifty day simple moving average is $6.99 and its two-hundred day simple moving average is $7.18.

OFS Credit (NASDAQ:OCCI) last issued its earnings results on Friday, March 14th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $10.06 million during the quarter, compared to analysts’ expectations of $9.59 million. On average, equities analysts forecast that OFS Credit will post 0.89 earnings per share for the current fiscal year.

OFS Credit Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be paid a dividend of $0.115 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 22.29%. The ex-dividend date of this dividend is Thursday, April 17th. OFS Credit’s dividend payout ratio is presently 211.11%.

OFS Credit Company Profile

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