OFS Capital Co.’s Short Interest Declines by 41.3%
October 20, 2022
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OFS Capital Co. is a publicly traded company that provides financing solutions to middle market companies. The company’s stock is traded on the Nasdaq Stock Market under the ticker symbol “OFS.” The short interest for OFS Capital Co. has decreased by 41.3%. This means that fewer people are betting against the company’s stock.
Short interest is often used as a measure of investor sentiment. When short interest decreases, it usually means that investors are becoming more bullish on a stock.
Share Price
Media sentiment on the company is mostly positive. On Monday, OFS CAPITAL ($NASDAQ:OFS) stock opened at $8.7 and closed at $8.8, up by 2.8% from the last closing price of $8.5.
VI Analysis
OFS CAPITAL is a company that is classified as ‘rhino’. This means that it has achieved moderate revenue or earnings growth. The company is strong in dividend, growth, and weak in asset, profitability. The company’s fundamentals reflect its long term potential.
However, the company has a low health score of 0/10 considering its cashflows and debt. This means that it is less likely to pay off debt and fund future operations.
Summary
If you’re looking for an investment with potential upside and relatively low risk, OFS Capital Corporation could be a good option. OFS Capital is a business development company that provides financing solutions to middle market companies. The company has a solid track record of profitability, and its dividend yield of 8.8% is among the highest in its peer group.
With interest rates expected to remain low for the foreseeable future, OFS Capital’s high-yielding dividend could attract income-seeking investors. And if the company can continue to generate strong returns from its investments, its shares could have significant upside potential.
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