OFS Credit Company, Inc. (NASDAQ:OCCI) Short Interest Down 17.1% in February

OFS Credit Company, Inc. (NASDAQ:OCCI) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 130,100 shares, a decrease of 17.1% from the February 13th total of 156,900 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 277,600 shares, the short-interest ratio is currently 0.5 days.

OFS Credit Stock Performance

Shares of NASDAQ OCCI traded down $0.11 during mid-day trading on Tuesday, reaching $6.98. 839,990 shares of the company traded hands, compared to its average volume of 235,483. The stock has a market cap of $109.93 million, a PE ratio of 7.76 and a beta of 1.33. The company’s fifty day moving average is $7.10 and its two-hundred day moving average is $7.23. OFS Credit has a fifty-two week low of $6.52 and a fifty-two week high of $7.81.

OFS Credit (NASDAQ:OCCI) last issued its quarterly earnings data on Friday, March 14th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $10.06 million for the quarter, compared to analyst estimates of $9.59 million. Research analysts forecast that OFS Credit will post 0.89 earnings per share for the current year.

OFS Credit Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.38 annualized dividend and a yield of 19.77%. OFS Credit’s payout ratio is 211.11%.

Institutional Trading of OFS Credit

Several hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its stake in OFS Credit by 1.4% during the 4th quarter. LPL Financial LLC now owns 106,421 shares of the company’s stock valued at $757,000 after purchasing an additional 1,445 shares during the period. Nicolet Advisory Services LLC bought a new stake in OFS Credit during the 4th quarter valued at approximately $105,000. Virtu Financial LLC bought a new stake in OFS Credit during the 3rd quarter valued at approximately $134,000. Graypoint LLC boosted its stake in OFS Credit by 25.9% during the 4th quarter. Graypoint LLC now owns 164,826 shares of the company’s stock valued at $1,172,000 after purchasing an additional 33,857 shares during the period. Finally, Virtus ETF Advisers LLC boosted its stake in OFS Credit by 14.2% during the 4th quarter. Virtus ETF Advisers LLC now owns 318,110 shares of the company’s stock valued at $2,262,000 after purchasing an additional 39,531 shares during the period. Institutional investors own 23.77% of the company’s stock.

About OFS Credit

OFS Credit Company, Inc is a fund of OFS Advisor.