Short Interest in OFS Credit Company, Inc. (NASDAQ:OCCIN) Drops By 35.3%

OFS Credit Company, Inc. (NASDAQ:OCCIN) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 813 shares, a drop of 35.3% from the May 14th total of 1,257 shares. Based on an average trading volume of 3,117 shares, the short-interest ratio is presently 0.3 days.

OFS Credit Price Performance

Shares of OFS Credit stock traded up $0.01 during trading on Wednesday, hitting $24.85. 751 shares of the stock traded hands, compared to its average volume of 3,418. The firm’s fifty day moving average is $24.74 and its 200-day moving average is $24.64. OFS Credit has a 52 week low of $24.00 and a 52 week high of $24.93.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut OFS Credit from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About OFS Credit

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.