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

OFS Credit Company, Inc. (NASDAQ:OCCI) saw 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. Based on an average daily volume of 337,900 shares, the short-interest ratio is presently 0.9 days. Currently, 1.9% of the company’s stock are short sold.

Hedge Funds Weigh In On OFS Credit

Large investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in OFS Credit during the 3rd quarter worth about $134,000. Graypoint LLC boosted its holdings in OFS Credit by 25.9% in the fourth 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 in the last quarter. LPL Financial LLC increased its stake in OFS Credit by 1.4% in the fourth quarter. LPL Financial LLC now owns 106,421 shares of the company’s stock valued at $757,000 after purchasing an additional 1,445 shares during the last quarter. Nicolet Advisory Services LLC acquired a new stake in OFS Credit during the fourth quarter worth approximately $105,000. Finally, Virtus ETF Advisers LLC raised its holdings in OFS Credit by 14.2% during the fourth quarter. Virtus ETF Advisers LLC now owns 318,110 shares of the company’s stock worth $2,262,000 after purchasing an additional 39,531 shares in the last quarter. Hedge funds and other institutional investors own 23.77% of the company’s stock.

OFS Credit Stock Performance

Shares of OCCI traded down $0.01 during midday trading on Friday, hitting $6.19. The company had a trading volume of 329,327 shares, compared to its average volume of 254,554. OFS Credit has a 1 year low of $6.08 and a 1 year high of $7.81. The firm has a market capitalization of $97.49 million, a P/E ratio of 6.88 and a beta of 1.33. The company’s 50-day simple moving average is $6.99 and its 200-day simple moving average is $7.18.

OFS Credit (NASDAQ:OCCI) last issued its quarterly earnings results on Friday, March 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $10.06 million during the quarter, compared to analysts’ expectations of $9.59 million. Equities analysts predict that OFS Credit will post 0.89 earnings per share for the current fiscal year.

OFS Credit Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be paid a dividend of $0.115 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 22.29%. OFS Credit’s payout ratio is currently 211.11%.

OFS Credit Company Profile

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