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OFS Credit Company, Inc. (NASDAQ:OCCI) Short Interest Down 78.6% in August

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Key Points

  • OFS Credit Company, Inc. (NASDAQ:OCCI) experienced a significant drop in short interest, decreasing by 78.6% in August, with total short interest falling to 64,600 shares.
  • The company's recent quarterly earnings report showed an earnings per share (EPS) of $0.31, with analysts predicting an EPS of 0.89 for the current year.
  • OFS Credit announced a monthly dividend of $0.115, translating to an annualized dividend yield of 22.5%, although the dividend payout ratio is notably high at 811.76%.
  • MarketBeat previews the top five stocks to own by October 1st.

OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 64,600 shares, a decline of 78.6% from the August 15th total of 301,700 shares. Based on an average trading volume of 268,700 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company's shares are short sold. Approximately 0.4% of the company's shares are short sold. Based on an average trading volume of 268,700 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On OFS Credit

Hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. increased its holdings in shares of OFS Credit by 61.3% during the second quarter. Osaic Holdings Inc. now owns 10,783 shares of the company's stock worth $67,000 after buying an additional 4,100 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of OFS Credit during the second quarter worth $26,000. Fisher Asset Management LLC bought a new position in shares of OFS Credit during the second quarter worth $69,000. Prospera Financial Services Inc bought a new stake in OFS Credit in the 2nd quarter valued at $74,000. Finally, Naviter Wealth LLC bought a new stake in OFS Credit in the 2nd quarter valued at $128,000. Institutional investors own 23.77% of the company's stock.

OFS Credit Stock Performance

NASDAQ:OCCI opened at $6.13 on Friday. The business's 50-day simple moving average is $5.96 and its 200 day simple moving average is $6.29. OFS Credit has a one year low of $5.26 and a one year high of $7.78. The stock has a market cap of $96.55 million, a price-to-earnings ratio of 36.06 and a beta of 0.71.

OFS Credit (NASDAQ:OCCI - Get Free Report) last issued its quarterly earnings data on Friday, September 12th. The company reported $0.31 earnings per share (EPS) for the quarter. On average, equities research analysts predict that OFS Credit will post 0.89 EPS for the current year.

OFS Credit Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.115 dividend. This represents a c) annualized dividend and a dividend yield of 22.5%. The ex-dividend date was Friday, August 15th. OFS Credit's dividend payout ratio (DPR) is presently 811.76%.

OFS Credit Company Profile

(Get Free Report)

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

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