OCCI Stock Summary and Trading Ideas (Ofs Credit Company - Closed End | NASDAQ:OCCI)

OFS Credit Co Inc is a non-diversified, closed-end management investment company. Its investment objective is to generate current income, with a secondary objective to generate capital appreciation.

Ofs Credit Company - Closed End trades on the NASDAQ stock market under the symbol OCCI.

As of April 17, 2024, OCCI stock price was flat at $7.19 with 160,551 million shares trading.

OCCI has a beta of 0.70, meaning it tends to be less sensitive to market movements. OCCI has a correlation of 0.07 to the broad based SPY ETF.

OCCI has a market cap of $23.33 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, OCCI stock traded as high as $16.25 and as low as $5.47.

OCCI stock has underperformed the market in the last year with a return of -5.9%, while SPY returned +23.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in OCCI shares. However, OCCI has outperformed the market in the last 3 month and 2 week periods, returning +7.3% and +2.7%, while SPY returned +5.7% and -3.5%, respectively. This indicates OCCI has been having a stronger performance recently.

OCCI support price is $7.08 and resistance is $7.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OCCI stock will trade within this expected range on the day.