Short Interest in OFS Credit Company, Inc. (NASDAQ:OCCIN) Expands By 137.8%

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,694 shares, an increase of 137.8% from the April 15th total of 1,133 shares. Based on an average daily volume of 2,717 shares, the short-interest ratio is presently 1.0 days.

OFS Credit Stock Down 0.4%

Shares of OFS Credit stock traded down $0.09 during trading on Friday, reaching $24.78. The company’s stock had a trading volume of 423 shares, compared to its average volume of 3,657. OFS Credit has a 12-month low of $23.88 and a 12-month high of $24.90. The business has a 50 day moving average price of $24.65 and a 200-day moving average price of $24.58.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered OFS Credit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About OFS Credit

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.