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

OFS Credit Company, Inc. (NASDAQ:OCCIN) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 315 shares, a drop of 83.6% from the October 15th total of 1,918 shares. Based on an average trading volume of 2,467 shares, the short-interest ratio is currently 0.1 days.

OFS Credit Stock Down 0.3%

Shares of OFS Credit stock traded down $0.08 on Thursday, reaching $24.97. The company’s stock had a trading volume of 1,794 shares, compared to its average volume of 3,110. The stock has a 50-day moving average price of $24.96 and a 200-day moving average price of $24.80. OFS Credit has a 52-week low of $24.30 and a 52-week high of $26.00.

Wall Street Analysts Forecast Growth

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

OFS Credit Company Profile

OFS Credit Company, Inc. is a closed-end investment company that seeks to generate current income and, secondarily, capital appreciation. It invests primarily in collateralized loan obligation (CLO) securities, including equity and debt tranches, and other structured credit investments. CLOs in its portfolio are backed largely by loans to U.S. companies. The company is externally managed by OFS Capital Management, LLC, an investment adviser specializing in structured credit and corporate lending.