OFS Credit Company, Inc. (NASDAQ:OCCI) Sees Large Decrease in Short Interest

OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 135,100 shares, a decrease of 25.6% from the November 15th total of 181,700 shares. Based on an average daily trading volume, of 297,000 shares, the days-to-cover ratio is presently 0.5 days.

OFS Credit Stock Performance

NASDAQ OCCI traded up $0.02 during trading hours on Friday, reaching $7.47. The company's stock had a trading volume of 190,773 shares, compared to its average volume of 193,812. The company's 50-day moving average is $7.23 and its two-hundred day moving average is $7.32. OFS Credit has a fifty-two week low of $6.27 and a fifty-two week high of $7.81. The stock has a market cap of $117.65 million, a PE ratio of 8.30 and a beta of 1.33.

OFS Credit (NASDAQ:OCCI - Get Free Report) last released its quarterly earnings results on Friday, September 13th. The company reported $0.47 EPS for the quarter. The business had revenue of $7.45 million during the quarter.

OFS Credit Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be paid a $0.115 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 18.47%. The ex-dividend date of this dividend is Tuesday, January 21st. OFS Credit's payout ratio is currently 143.33%.

Insiders Place Their Bets

In other news, major shareholder Eagle Point Credit Management sold 1,375 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $23.52, for a total value of $32,340.00. Following the completion of the transaction, the insider now owns 31,107 shares in the company, valued at $731,636.64. This trade represents a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OFS Credit

An institutional investor recently raised its position in OFS Credit stock. Graypoint LLC increased its position in OFS Credit Company, Inc. (NASDAQ:OCCI - Free Report) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,991 shares of the company's stock after buying an additional 5,409 shares during the period. Graypoint LLC owned about 0.79% of OFS Credit worth $901,000 as of its most recent SEC filing. 23.77% of the stock is owned by institutional investors and hedge funds.

About OFS Credit

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