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

Key Points

• Oxford Lane Capital Corp. experienced a significant increase in short interest, rising by 51.6% in September to a total of 1,110,000 shares.
• Institutional investors have shown confidence in the company, with several increasing their positions, including Border to Coast Pensions Partnership which raised its stake by 18.9%.
• Oxford Lane Capital announced a monthly dividend of $0.08, representing an annualized yield of 5.7%, with an ex-dividend date set for December 17th.

Oxford Lane Capital Corp. (NASDAQ:OXLC - ) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 1,110,000 shares, a growth of 51.6% from the August 31st total of 732,100 shares. Based on an average daily volume of 1,461,000 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 1,461,000 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Oxford Lane Capital

Several institutional investors have recently made changes to their positions in the company. Border to Coast Pensions Partnership Ltd lifted its position in shares of Oxford Lane Capital by 18.9% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 2,200,000 shares of the investment management company's stock worth $10,384,000 after buying an additional 350,000 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Oxford Lane Capital by 11.1% during the second quarter. Wedbush Securities Inc. now owns 1,516,297 shares of the investment management company's stock valued at $6,368,000 after acquiring an additional 152,083 shares during the last quarter. LPL Financial LLC lifted its holdings in Oxford Lane Capital by 41.0% during the first quarter. LPL Financial LLC now owns 1,264,958 shares of the investment management company's stock worth $5,971,000 after acquiring an additional 367,613 shares during the period. Realta Investment Advisors lifted its holdings in Oxford Lane Capital by 21.4% during the first quarter. Realta Investment Advisors now owns 1,250,737 shares of the investment management company's stock worth $5,903,000 after acquiring an additional 220,505 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its position in Oxford Lane Capital by 3.4% in the second quarter. J.W. Cole Advisors Inc. now owns 682,335 shares of the investment management company's stock worth $2,866,000 after purchasing an additional 22,365 shares during the last quarter. Institutional investors own 6.74% of the company's stock.

Oxford Lane Capital Stock Performance

OXLC stock opened at $16.72 on Tuesday. Oxford Lane Capital has a fifty-two week low of $15.90 and a fifty-two week high of $27.44. The stock's 50 day simple moving average is $17.53 and its 200 day simple moving average is $20.43. The company has a market cap of $1.52 billion, a P/E ratio of 4.03 and a beta of 0.79.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 5.7%. Oxford Lane Capital's dividend payout ratio is 128.92%.

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.

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