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

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 12,360,000 shares, a growth of 26.8% from the April 30th total of 9,750,000 shares. Currently, 3.6% of the company’s shares are short sold. Based on an average daily trading volume, of 7,187,800 shares, the days-to-cover ratio is presently 1.7 days.

Oxford Lane Capital Trading Down 0.2%

NASDAQ OXLC opened at $4.43 on Thursday. The business’s 50-day moving average price is $4.58 and its 200 day moving average price is $4.89. The company has a market capitalization of $1.53 billion, a PE ratio of 5.34 and a beta of 0.75. Oxford Lane Capital has a twelve month low of $3.91 and a twelve month high of $5.78.

Oxford Lane Capital Announces Dividend

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

Institutional Investors Weigh In On Oxford Lane Capital

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mutual Advisors LLC raised its position in shares of Oxford Lane Capital by 8.3% during the first quarter. Mutual Advisors LLC now owns 29,014 shares of the investment management company’s stock worth $133,000 after purchasing an additional 2,221 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Oxford Lane Capital by 3.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 62,164 shares of the investment management company’s stock worth $293,000 after buying an additional 2,254 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in shares of Oxford Lane Capital by 2.0% during the 1st quarter. Aptus Capital Advisors LLC now owns 133,973 shares of the investment management company’s stock worth $632,000 after purchasing an additional 2,599 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Oxford Lane Capital by 16.8% during the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 21,184 shares of the investment management company’s stock worth $99,000 after purchasing an additional 3,045 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Oxford Lane Capital by 38.8% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 11,442 shares of the investment management company’s stock worth $54,000 after purchasing an additional 3,200 shares during the last quarter. 6.74% of the stock is owned by institutional investors and hedge funds.

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.