OFS Credit Company, Inc. (NASDAQ:OCCI) Short Interest Up 344.8% in September

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%.

Hedge funds have recently modified their holdings of the company. National Asset Management Inc. lifted its holdings in shares of OFS Credit by 26.3% during the second quarter. National Asset Management Inc. now owns 15,388 shares of the company’s stock worth $225,000 after buying an additional 3,205 shares during the last quarter. Wealth Enhancement & Preservation of GA LLC grew its position in OFS Credit by 54.5% in the second quarter. Wealth Enhancement & Preservation of GA LLC now owns 19,995 shares of the company’s stock valued at $291,000 after acquiring an additional 7,056 shares during the period. Envestnet Asset Management Inc. grew its position in OFS Credit by 97.7% in the first quarter. Envestnet Asset Management Inc. now owns 35,829 shares of the company’s stock valued at $526,000 after acquiring an additional 17,702 shares during the period. Claraphi Advisory Network LLC grew its position in OFS Credit by 3.1% in the second quarter. Claraphi Advisory Network LLC now owns 91,722 shares of the company’s stock valued at $1,335,000 after acquiring an additional 2,758 shares during the period. Finally, Bard Associates Inc. grew its holdings in shares of OFS Credit by 2.7% during the second quarter. Bard Associates Inc. now owns 108,298 shares of the company’s stock worth $1,577,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors own 15.53% of the company’s stock.

About OFS Credit

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

Further Reading: What are the Benefits of Index Funds?

Receive News & Ratings for OFS Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OFS Credit and related companies with MarketBeat.com's FREE daily email newsletter.