OFS Credit Company, Inc. (NASDAQ:OCCI) Short Interest Down 25.6% in November

OFS Credit Company, Inc. (NASDAQ:OCCI) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 135,100 shares, a decline of 25.6% from the November 15th total of 181,700 shares. Based on an average daily volume of 297,000 shares, the short-interest ratio is presently 0.5 days.

Insider Activity at OFS Credit

In other news, major shareholder Eagle Point Credit Management sold 1,375 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $23.52, for a total value of $32,340.00. Following the completion of the sale, the insider now directly owns 31,107 shares in the company, valued at $731,636.64. This represents a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.76% of the stock is owned by company insiders.

Institutional Trading of OFS Credit

A hedge fund recently raised its stake in OFS Credit stock. Graypoint LLC raised its holdings in shares of OFS Credit Company, Inc. (NASDAQ:OCCI) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,969 shares of the company’s stock after acquiring an additional 5,978 shares during the quarter. Graypoint LLC owned approximately 0.83% of OFS Credit worth $970,000 as of its most recent filing with the SEC. Institutional investors own 23.77% of the company’s stock.

OFS Credit Stock Performance

Shares of OCCI stock traded up $0.02 during trading hours on Friday, reaching $7.47. The company had a trading volume of 167,590 shares, compared to its average volume of 193,696. OFS Credit has a 12-month low of $6.27 and a 12-month high of $7.81. The company has a market capitalization of $117.65 million, a price-to-earnings ratio of 8.31 and a beta of 1.33. The stock has a fifty day moving average of $7.23 and a 200-day moving average of $7.33.

OFS Credit (NASDAQ:OCCI) last issued its quarterly earnings data on Friday, September 13th. The company reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $7.45 million for the quarter.

OFS Credit Announces Dividend

The firm 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 dividend of $0.115 per share. This represents a $1.38 annualized dividend 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%.

About OFS Credit

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