Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLC) Rises By 135.0%

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

Oxford Lane Capital Price Performance

NASDAQ OXLC opened at $4.65 on Friday. The stock’s 50 day simple moving average is $4.95 and its 200 day simple moving average is $5.13. Oxford Lane Capital has a one year low of $4.01 and a one year high of $5.78. 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 (NASDAQ:OXLC) last announced its earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 23.23%. The ex-dividend date is Tuesday, September 16th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 127.71%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SWAN Capital LLC bought a new stake in shares of Oxford Lane Capital during the fourth quarter worth $30,000. Lewis Asset Management LLC acquired a new stake in Oxford Lane Capital in the fourth quarter worth about $51,000. Walkner Condon Financial Advisors LLC bought a new stake in Oxford Lane Capital during the 4th quarter worth about $51,000. Choreo LLC acquired a new position in Oxford Lane Capital during the 4th quarter valued at about $51,000. Finally, Titleist Asset Management LLC bought a new position in shares of Oxford Lane Capital in the 4th quarter valued at about $51,000. 6.74% of the stock is currently owned by institutional investors.

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.