OFS Credit Company, Inc. (NASDAQ:OCCIN) Sees Significant Increase in Short Interest

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,918 shares, a growth of 9,994.7% from the September 30th total of 19 shares. Based on an average daily volume of 1,702 shares, the days-to-cover ratio is currently 1.1 days.

OFS Credit Trading Down 0.1%

Shares of NASDAQ:OCCIN traded down $0.01 during trading on Monday, reaching $24.91. 7,596 shares of the stock were exchanged, compared to its average volume of 3,183. The stock has a 50-day moving average price of $24.95 and a 200-day moving average price of $24.84. OFS Credit has a 12 month low of $24.30 and a 12 month high of $26.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of OFS Credit in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About OFS Credit

OFS Credit Company, Inc is a closed-end investment company focused primarily on investments in structured credit. The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in collateralized loan obligations (CLOs), including CLO debt and equity tranches.

CLOs are portfolios of corporate loans that are divided into securities with different levels of risk and payment priority. OFS Credit may invest across various parts of the CLO capital structure, with its portfolio generally consisting of interests backed by broadly syndicated senior secured loans and other corporate credit assets.

The company is externally managed by OFS Capital Management, LLC, an affiliate of OFS Capital Corporation.