OFS Credit Company, Inc. (NASDAQ:OCCIN) Short Interest Down 65.3% in June

OFS Credit Company, Inc. (NASDAQ:OCCIN) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 282 shares, a decline of 65.3% from the May 31st total of 813 shares. Based on an average daily trading volume, of 1,898 shares, the short-interest ratio is currently 0.1 days.

OFS Credit Stock Up 0.4%

Shares of OCCIN stock traded up $0.10 on Friday, reaching $24.76. 1,111 shares of the company were exchanged, compared to its average volume of 3,332. OFS Credit has a 1 year low of $24.10 and a 1 year high of $24.95. The business has a 50-day moving average price of $24.77 and a 200 day moving average price of $24.65.

Analysts Set New Price Targets

Separately, Weiss Ratings cut OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, OFS Credit currently has an average rating of “Sell”.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.