OFS Credit Company, Inc. (NASDAQ:OCCI) Short Interest Down 16.2% in December

OFS Credit Company, Inc. (NASDAQ:OCCI) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 113,200 shares, a decline 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 currently 0.4 days.

Institutional Trading of OFS Credit

An institutional investor recently raised its position in OFS Credit stock. Graypoint LLC grew its holdings in OFS Credit Company, Inc. (NASDAQ:OCCI) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,969 shares of the company’s stock after acquiring an additional 5,978 shares during the period. Graypoint LLC owned about 0.83% of OFS Credit worth $970,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 23.77% of the company’s stock.

OFS Credit Price Performance

Shares of NASDAQ:OCCI traded down $0.04 during mid-day trading on Friday, reaching $7.07. 194,277 shares of the company were exchanged, compared to its average volume of 198,688. The firm has a market cap of $111.35 million, a price-to-earnings ratio of 7.86 and a beta of 1.33. OFS Credit has a 1 year low of $6.27 and a 1 year high of $7.81. The firm’s 50-day simple moving average is $7.19 and its 200 day simple moving average is $7.30.

OFS Credit Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be given a $0.115 dividend. This represents a $1.38 annualized dividend and a yield of 19.52%. The ex-dividend date is Tuesday, January 21st. OFS Credit’s dividend payout ratio is currently 155.56%.

OFS Credit Company Profile

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