OFS Credit Company, Inc. (NASDAQ:OCCI) Sees Significant Drop in Short Interest

OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 113,200 shares, a drop of 16.2% from the November 30th total of 135,100 shares. Based on an average trading volume of 283,800 shares, the short-interest ratio is presently 0.4 days.

OFS Credit Stock Performance

OFS Credit stock traded down $0.04 during trading on Friday, reaching $7.07. 194,277 shares of the company's stock were exchanged, compared to its average volume of 198,688. OFS Credit has a 52-week low of $6.27 and a 52-week high of $7.81. The firm has a market cap of $111.35 million, a price-to-earnings ratio of 7.86 and a beta of 1.33. The company's 50-day moving average is $7.19 and its two-hundred day moving average is $7.30.

OFS Credit Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a $0.115 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $1.38 dividend on an annualized basis and a dividend yield of 19.52%. OFS Credit's dividend payout ratio (DPR) is currently 155.56%.

Hedge Funds Weigh In On OFS Credit

An institutional investor recently raised its stake in OFS Credit stock. Graypoint LLC boosted its holdings in OFS Credit Company, Inc. (NASDAQ:OCCI - Free Report) by 4.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 130,969 shares of the company's stock after purchasing an additional 5,978 shares during the period. Graypoint LLC owned about 0.83% of OFS Credit worth $970,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.77% of the company's stock.

About OFS Credit

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