Short Interest in OFS Credit Company, Inc. (NASDAQ:OCCI) Grows By 122.3%

OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 289,200 shares, a growth of 122.3% from the February 28th total of 130,100 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 337,900 shares, the short-interest ratio is currently 0.9 days.

OFS Credit Stock Performance

OFS Credit stock traded up $0.10 on Tuesday, reaching $6.22. The company's stock had a trading volume of 131,597 shares, compared to its average volume of 348,103. The business's fifty day moving average price is $6.96 and its 200 day moving average price is $7.16. The company has a market cap of $97.97 million, a price-to-earnings ratio of 6.92 and a beta of 1.33. OFS Credit has a twelve month low of $5.92 and a twelve month high of $7.81.

OFS Credit (NASDAQ:OCCI - Get Free Report) last issued its quarterly earnings results on Friday, March 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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. As a group, equities analysts forecast that OFS Credit will post 0.89 earnings per share for the current year.

OFS Credit Announces Dividend

The business 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 $0.115 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 22.18%. The ex-dividend date of this dividend is Thursday, April 17th. OFS Credit's dividend payout ratio is currently 230.16%.

Remove Ads

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Virtus ETF Advisers LLC increased its stake in shares of OFS Credit by 14.2% in the 4th quarter. Virtus ETF Advisers LLC now owns 318,110 shares of the company's stock valued at $2,262,000 after buying an additional 39,531 shares during the period. Nicolet Advisory Services LLC bought a new stake in OFS Credit during the 4th quarter worth about $105,000. LPL Financial LLC raised its holdings in OFS Credit by 1.4% during the 4th quarter. LPL Financial LLC now owns 106,421 shares of the company's stock worth $757,000 after purchasing an additional 1,445 shares during the last quarter. Graypoint LLC lifted its position 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, Virtu Financial LLC bought a new position in shares of OFS Credit in the 3rd quarter valued at about $134,000. Institutional investors own 23.77% of the company's stock.

About OFS Credit

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