Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLC) Expands By 28.0%

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 2,420,000 shares, a growth of 28.0% from the September 30th total of 1,890,000 shares. Based on an average daily volume of 4,070,700 shares, the days-to-cover ratio is presently 0.6 days.

Oxford Lane Capital Stock Up 0.2 %

NASDAQ:OXLC traded up $0.01 during trading hours on Wednesday, reaching $5.24. 1,505,579 shares of the company’s stock were exchanged, compared to its average volume of 3,234,216. The company has a market capitalization of $1.25 billion, a P/E ratio of 5.18 and a beta of 1.15. The business’s 50-day simple moving average is $5.27 and its two-hundred day simple moving average is $5.34. Oxford Lane Capital has a 12 month low of $4.65 and a 12 month high of $5.78.

Oxford Lane Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be paid a $0.09 dividend. This represents a dividend yield of 20.73%. The ex-dividend date of this dividend is Thursday, October 17th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Park Avenue Securities LLC increased its holdings in shares of Oxford Lane Capital by 88.2% during the first quarter. Park Avenue Securities LLC now owns 37,579 shares of the investment management company’s stock worth $191,000 after buying an additional 17,608 shares in the last quarter. Hartline Investment Corp acquired a new position in Oxford Lane Capital during the first quarter valued at approximately $74,000. J.W. Cole Advisors Inc. increased its stake in shares of Oxford Lane Capital by 66.6% in the first quarter. J.W. Cole Advisors Inc. now owns 53,223 shares of the investment management company’s stock valued at $270,000 after buying an additional 21,272 shares during the period. Private Advisor Group LLC grew its holdings in Oxford Lane Capital by 8.2% during the 1st quarter. Private Advisor Group LLC now owns 122,871 shares of the investment management company’s stock worth $624,000 after acquiring an additional 9,299 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in Oxford Lane Capital by 25.1% in the first quarter. Geneos Wealth Management Inc. now owns 165,850 shares of the investment management company’s stock worth $843,000 after purchasing an additional 33,250 shares during the period. 6.74% of the stock is owned by institutional investors.

Oxford Lane Capital Company Profile

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.