OFS Credit Company, Inc. (NASDAQ:OCCIN) Short Interest Update

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 813 shares, a decrease of 35.3% from the May 14th total of 1,257 shares. Based on an average trading volume of 3,117 shares, the days-to-cover ratio is currently 0.3 days.

OFS Credit Trading Up 0.2%

Shares of NASDAQ OCCIN traded up $0.06 during trading hours on Tuesday, hitting $24.85. The company had a trading volume of 2,302 shares, compared to its average volume of 3,438. OFS Credit has a 1-year low of $24.00 and a 1-year high of $24.93. The firm’s 50 day moving average is $24.74 and its 200-day moving average is $24.64.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded OFS Credit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus 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.