Oxford Lane Capital Corp. (NASDAQ:OXLC) Sees Large Decrease in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLC) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 7,200,000 shares, a drop of 41.7% from the May 15th total of 12,360,000 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 6,958,700 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. SWAN Capital LLC purchased a new stake in shares of Oxford Lane Capital in the fourth quarter worth about $30,000. US Bancorp DE increased its holdings in Oxford Lane Capital by 106.1% during the 1st quarter. US Bancorp DE now owns 6,300 shares of the investment management company’s stock worth $30,000 after acquiring an additional 3,243 shares during the period. Titleist Asset Management LLC purchased a new stake in Oxford Lane Capital in the 4th quarter worth approximately $51,000. Insigneo Advisory Services LLC bought a new position in Oxford Lane Capital in the 1st quarter valued at $47,000. Finally, Quilter Plc purchased a new position in shares of Oxford Lane Capital during the 1st quarter valued at $47,000. Institutional investors own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

OXLC stock traded down $0.05 during midday trading on Tuesday, reaching $4.16. 1,228,224 shares of the company’s stock traded hands, compared to its average volume of 5,313,410. Oxford Lane Capital has a 52 week low of $3.91 and a 52 week high of $5.68. The company has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $4.84. The firm has a market capitalization of $1.88 billion, a PE ratio of 5.01 and a beta of 0.81.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, April 16th. This represents a yield of 24.43%. Oxford Lane Capital’s dividend payout ratio (DPR) is 130.12%.

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.