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

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 717 shares, a growth of 154.3% from the June 15th total of 282 shares. Based on an average daily trading volume, of 1,163 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

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 investment 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 Price Performance

NASDAQ:OCCIN remained flat at $24.80 during midday trading on Wednesday. 382 shares of the company were exchanged, compared to its average volume of 3,245. The business’s 50-day simple moving average is $24.78 and its two-hundred day simple moving average is $24.68. OFS Credit has a 1 year low of $24.21 and a 1 year high of $24.95.

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.