Oxford Lane Capital Corp. (NASDAQ:OXLC) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLC) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 2,810,000 shares, a drop of 21.7% from the December 15th total of 3,590,000 shares. Based on an average daily volume of 4,508,400 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Oxford Lane Capital

Large investors have recently modified their holdings of the company. Precision Wealth Strategies LLC acquired a new position in shares of Oxford Lane Capital during the third quarter worth $52,000. Marks Wealth LLC purchased a new stake in Oxford Lane Capital during the 3rd quarter worth about $53,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of Oxford Lane Capital during the 3rd quarter worth about $53,000. National Wealth Management Group LLC purchased a new position in shares of Oxford Lane Capital in the 3rd quarter valued at about $54,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Oxford Lane Capital during the 3rd quarter worth about $55,000. 6.74% of the stock is owned by hedge funds and other institutional investors.

Oxford Lane Capital Stock Performance

Shares of OXLC traded down $0.07 during midday trading on Friday, hitting $5.08. The company had a trading volume of 4,219,502 shares, compared to its average volume of 5,149,551. Oxford Lane Capital has a 1 year low of $4.95 and a 1 year high of $5.78. The firm has a market capitalization of $1.76 billion, a P/E ratio of 3.63 and a beta of 1.15. The company’s 50-day simple moving average is $5.19 and its 200-day simple moving average is $5.30.

Oxford Lane Capital Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 20th will be paid a $0.09 dividend. The ex-dividend date is Friday, January 17th. This represents a yield of 21.26%. Oxford Lane Capital’s dividend payout ratio is currently 73.57%.

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.