Short Interest in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) Drops By 45.0%

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,744 shares, a decrease of 45.0% from the June 30th total of 3,173 shares. Based on an average daily trading volume, of 1,157 shares, the days-to-cover ratio is presently 1.5 days.

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Stock Down 0.4%

Shares of OCCIM stock traded down $0.09 during trading hours on Friday, hitting $25.01. 1,075 shares of the company were exchanged, compared to its average volume of 1,838. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock has a 52 week low of $24.42 and a 52 week high of $26.06. The business has a 50 day moving average of $25.11 and a two-hundred day moving average of $25.10.

OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be paid a $0.1641 dividend. The ex-dividend date of this dividend is Friday, January 15th. This represents a c) annualized dividend and a dividend yield of 7.9%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock stock. Karpus Management Inc. acquired a new position in shares of OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock (NASDAQ:OCCIM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 269,146 shares of the company’s stock, valued at approximately $6,774,000. OFS Credit Company, Inc. – 7.875% Series F Term Preferred Stock makes up approximately 1.4% of Karpus Management Inc.’s holdings, making the stock its 24th biggest position.

OFS Credit Company, Inc is a closed-end management investment company organized as a Maryland corporation in November 2014 and externally managed by OFS Capital Management, LLC. The firm is structured to provide investors with access to private credit markets by investing primarily in debt instruments of middle-market companies based in the United States.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, unsecured loans, high-yield bonds and other corporate debt obligations.