Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLC) Decreases By 41.7%

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 7,200,000 shares, a decrease of 41.7% from the May 15th total of 12,360,000 shares. Approximately 1.6% of the company's stock are sold short. Based on an average daily volume of 6,958,700 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On Oxford Lane Capital

Several institutional investors have recently modified their holdings of the business. Mutual Advisors LLC boosted its position in Oxford Lane Capital by 8.3% in 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 last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in 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 purchasing an additional 2,254 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in Oxford Lane Capital by 2.0% in the first 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 boosted its position in Oxford Lane Capital by 16.8% in the first 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 boosted its position in Oxford Lane Capital by 38.8% in the first 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 hedge funds and other institutional investors.

Oxford Lane Capital Stock Down 0.2%

Shares of NASDAQ:OXLC traded down $0.01 on Thursday, hitting $4.11. 9,044,446 shares of the company traded hands, compared to its average volume of 5,373,598. Oxford Lane Capital has a 52 week low of $3.91 and a 52 week high of $5.68. The stock has a 50 day simple moving average of $4.53 and a 200-day simple moving average of $4.83. The company has a market cap of $1.86 billion, a PE ratio of 4.95 and a beta of 0.81.

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, July 17th. Oxford Lane Capital's dividend payout ratio (DPR) is presently 130.12%.

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.