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

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 3,950,000 shares, an increase of 62.6% from the January 31st total of 2,430,000 shares. Based on an average trading volume of 5,418,400 shares, the days-to-cover ratio is presently 0.7 days.

Oxford Lane Capital Stock Performance

OXLC stock traded up $0.04 during trading on Friday, reaching $5.06. The company had a trading volume of 5,266,260 shares, compared to its average volume of 5,551,777. The firm has a 50-day simple moving average of $5.10 and a 200-day simple moving average of $5.20. Oxford Lane Capital has a twelve month low of $4.95 and a twelve month high of $5.78. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 6.10 and a beta of 1.16.

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

Oxford Lane Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 21.34%. The ex-dividend date is Monday, June 16th. Oxford Lane Capital’s payout ratio is 126.51%.

Institutional Trading of Oxford Lane Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. SWAN Capital LLC acquired a new position in Oxford Lane Capital during the fourth quarter valued at $30,000. Waverly Advisors LLC purchased a new position in shares of Oxford Lane Capital during the 4th quarter valued at about $75,000. CoreCap Advisors LLC lifted its holdings in shares of Oxford Lane Capital by 91.3% in the 4th quarter. CoreCap Advisors LLC now owns 46,272 shares of the investment management company’s stock valued at $235,000 after buying an additional 22,090 shares during the period. Captrust Financial Advisors boosted its stake in shares of Oxford Lane Capital by 62.0% in the fourth quarter. Captrust Financial Advisors now owns 22,074 shares of the investment management company’s stock worth $112,000 after buying an additional 8,446 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in Oxford Lane Capital by 333.5% during the fourth quarter. Citadel Advisors LLC now owns 961,271 shares of the investment management company’s stock worth $4,874,000 after acquiring an additional 739,506 shares during the period. Institutional investors and hedge funds own 6.74% of the company’s stock.

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.