OFS Credit Company, Inc. (NASDAQ:OCCI) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 42,700 shares, a growth of 344.8% from the September 15th total of 9,600 shares. Based on an average daily volume of 76,600 shares, the days-to-cover ratio is currently 0.6 days.
NASDAQ:OCCI traded up $0.01 on Thursday, hitting $13.62. 40,654 shares of the company’s stock traded hands, compared to its average volume of 72,190. The company has a market cap of $81.12 million, a PE ratio of 2.57 and a beta of 1.91. The firm has a 50-day moving average price of $13.69 and a 200-day moving average price of $14.20. OFS Credit has a 1 year low of $9.05 and a 1 year high of $17.63.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Monday, September 13th will be issued a $0.55 dividend. This is a positive change from OFS Credit’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 16.15%. The ex-dividend date is Friday, September 10th. OFS Credit’s payout ratio is 81.18%.
About OFS Credit
OFS Credit Company, Inc is a fund of OFS Advisor.
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