Oxford Lane Capital Corp. (NASDAQ:OXLC) Sees Significant Growth in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLC) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 7,730,000 shares, an increase of 135.0% from the February 28th total of 3,290,000 shares. Based on an average daily trading volume, of 6,881,700 shares, the short-interest ratio is currently 1.1 days. Currently, 2.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SWAN Capital LLC bought a new position in Oxford Lane Capital in the fourth quarter valued at about $30,000. Lewis Asset Management LLC acquired a new position in shares of Oxford Lane Capital during the fourth quarter valued at about $51,000. Walkner Condon Financial Advisors LLC purchased a new stake in Oxford Lane Capital in the 4th quarter valued at $51,000. Choreo LLC purchased a new stake in shares of Oxford Lane Capital during the fourth quarter valued at approximately $51,000. Finally, Titleist Asset Management LLC bought a new position in shares of Oxford Lane Capital during the 4th quarter valued at approximately $51,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock traded down $0.01 during mid-day trading on Friday, reaching $4.65. 3,111,013 shares of the company were exchanged, compared to its average volume of 4,718,820. The company has a fifty day simple moving average of $4.95 and a 200-day simple moving average of $5.13. The firm has a market cap of $1.61 billion, a PE ratio of 5.60 and a beta of 1.17. Oxford Lane Capital has a 12 month low of $4.01 and a 12 month high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 23.23%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Lane Capital’s dividend payout ratio is presently 127.71%.

About Oxford Lane Capital

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.