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

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

OFS Credit Stock Performance

Shares of OFS Credit stock traded down $0.15 on Friday, hitting $6.65. The company had a trading volume of 552,781 shares, compared to its average volume of 244,327. The stock has a market capitalization of $104.73 million, a price-to-earnings ratio of 7.39 and a beta of 1.33. OFS Credit has a 1 year low of $6.52 and a 1 year high of $7.81. The stock has a 50 day moving average of $7.08 and a 200-day moving average of $7.21.

OFS Credit (NASDAQ:OCCI - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $10.06 million for the quarter, compared to the consensus estimate of $9.59 million. Equities analysts anticipate that OFS Credit will post 0.89 earnings per share for the current year.

OFS Credit Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be issued a dividend of $0.115 per share. This represents a $1.38 annualized dividend and a yield of 20.75%. The ex-dividend date is Thursday, April 17th. OFS Credit's dividend payout ratio (DPR) is presently 211.11%.

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Institutional Investors Weigh In On OFS Credit

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtus ETF Advisers LLC increased its position in shares of OFS Credit by 14.2% during the fourth quarter. Virtus ETF Advisers LLC now owns 318,110 shares of the company's stock valued at $2,262,000 after acquiring an additional 39,531 shares during the last quarter. Graypoint LLC increased its position in shares of 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 last quarter. Virtu Financial LLC bought a new stake in shares of OFS Credit during the 3rd quarter worth $134,000. Nicolet Advisory Services LLC purchased a new position in shares of OFS Credit in the 4th quarter worth about $105,000. Finally, LPL Financial LLC grew its position in OFS Credit by 1.4% during the fourth quarter. LPL Financial LLC now owns 106,421 shares of the company's stock valued at $757,000 after buying an additional 1,445 shares during the 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.