OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 171,600 shares, a decrease of 48.5% from the April 30th total of 333,500 shares. Currently, 1.1% of the company's shares are sold short. Based on an average daily volume of 378,300 shares, the days-to-cover ratio is presently 0.5 days.
OFS Credit Stock Performance
OCCI stock traded up $0.11 on Friday, reaching $6.17. The company's stock had a trading volume of 238,423 shares, compared to its average volume of 287,159. The business has a fifty day simple moving average of $6.40 and a two-hundred day simple moving average of $6.87. OFS Credit has a 12-month low of $5.26 and a 12-month high of $7.81. The firm has a market cap of $97.17 million, a PE ratio of 6.86 and a beta of 0.84.
OFS Credit (NASDAQ:OCCI - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The business had revenue of $10.06 million during the quarter, compared to analysts' expectations of $9.59 million. As a group, research analysts anticipate that OFS Credit will post 0.89 earnings per share for the current fiscal year.
OFS Credit Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 20th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Friday, June 20th. OFS Credit's payout ratio is 217.46%.
Institutional Investors Weigh In On OFS Credit
Large investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of OFS Credit during the 1st quarter valued at about $432,000. Jane Street Group LLC purchased a new position in shares of OFS Credit during the 1st quarter valued at about $385,000. Virtus ETF Advisers LLC lifted its position in shares of OFS Credit by 14.2% during 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 in the last quarter. Nicolet Advisory Services LLC purchased a new position in shares of OFS Credit during the 4th quarter valued at about $105,000. Finally, Graypoint LLC lifted its position in shares of OFS Credit by 2.3% during the 1st quarter. Graypoint LLC now owns 168,540 shares of the company's stock valued at $1,031,000 after buying an additional 3,714 shares in the last quarter. 23.77% of the stock is currently owned by institutional investors.
OFS Credit Company Profile
(
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OFS Credit Company, Inc is a fund of OFS Advisor.
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