OHA Investment Corp (NASDAQ:OHAI) was the target of a large growth in short interest in the month of November. As of November 29th, there was short interest totalling 58,800 shares, a growth of 134.3% from the November 14th total of 25,100 shares. Based on an average daily trading volume, of 44,600 shares, the short-interest ratio is presently 1.3 days. Currently, 0.3% of the shares of the company are short sold.
Shares of OHAI stock traded up $0.01 during midday trading on Wednesday, hitting $1.29. 7,756 shares of the company were exchanged, compared to its average volume of 30,757. The firm’s 50 day moving average price is $1.30 and its two-hundred day moving average price is $1.23. OHA Investment has a 52 week low of $0.85 and a 52 week high of $1.50.
Several hedge funds have recently made changes to their positions in OHAI. Southside Capital LLC boosted its holdings in shares of OHA Investment by 12.0% during the 2nd quarter. Southside Capital LLC now owns 519,699 shares of the financial services provider’s stock worth $570,000 after buying an additional 55,495 shares during the period. Callodine Capital Management LP raised its stake in OHA Investment by 3.7% in the 2nd quarter. Callodine Capital Management LP now owns 1,537,905 shares of the financial services provider’s stock worth $1,686,000 after purchasing an additional 55,229 shares in the last quarter. Truvvo Partners LLC acquired a new stake in OHA Investment in the 2nd quarter worth about $309,000. Citadel Advisors LLC raised its stake in OHA Investment by 31.4% in the 2nd quarter. Citadel Advisors LLC now owns 50,730 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 12,115 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in OHA Investment by 24.9% in the 2nd quarter. Susquehanna International Group LLP now owns 207,086 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 41,321 shares in the last quarter. 37.59% of the stock is owned by institutional investors and hedge funds.
About OHA Investment
OHA Investment Corporation is a business development company specializing in investments in small and mid size and middle market private companies. The fund typically invests in acquisitions, buyouts, growth, development, expansion, monetizations, revitalization, restructuring, recapitalizations, and special situations.
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