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

Key Points

• Oxford Lane Capital Corp. experienced an 85.1% decline in short interest during August, dropping to 732,100 shares, which represents approximately 0.8% of the company's total shares.
• The company announced a monthly dividend of $0.08 per share, with an annualized dividend yield of 5.4%, to be paid on December 31st to shareholders of record on December 17th.
• As of the latest trading session, Oxford Lane Capital's stock price rose 1.1% to $17.72, with a market capitalization of $1.71 billion and a PE ratio of 21.35.

Oxford Lane Capital Corp. (NASDAQ:OXLC - ) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 732,100 shares, a decline of 85.1% from the August 15th total of 4,900,000 shares. Approximately 0.8% of the company's shares are short sold. Based on an average daily volume of 1,480,900 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 1,480,900 shares, the short-interest ratio is currently 0.5 days. Approximately 0.8% of the company's shares are short sold.

Oxford Lane Capital Stock Up 1.1%

Shares of NASDAQ:OXLC traded up $0.20 during midday trading on Thursday, hitting $17.72. 1,022,728 shares of the stock traded hands, compared to its average volume of 1,373,618. The stock has a market capitalization of $1.71 billion, a PE ratio of 21.35 and a beta of 0.78. Oxford Lane Capital has a one year low of $15.90 and a one year high of $27.44. The business's 50 day moving average is $18.52 and its two-hundred day moving average is $21.34.

Oxford Lane Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Wednesday, December 17th. Oxford Lane Capital's dividend payout ratio is currently 173.49%.

Institutional Trading of Oxford Lane Capital

Several large investors have recently added to or reduced their stakes in the stock. Mutual Advisors LLC raised its holdings in Oxford Lane Capital by 8.3% in the 1st 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Oxford Lane Capital by 3.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 62,164 shares of the investment management company's stock valued at $293,000 after buying an additional 2,254 shares during the period. Aptus Capital Advisors LLC raised its stake 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 buying an additional 2,599 shares in the last quarter. Capital CS Group LLC lifted its holdings in Oxford Lane Capital by 6.5% in the second quarter. Capital CS Group LLC now owns 45,587 shares of the investment management company's stock worth $191,000 after buying an additional 2,785 shares during the period. Finally, Fermata Advisors LLC boosted its position in Oxford Lane Capital by 7.2% during the 2nd quarter. Fermata Advisors LLC now owns 43,295 shares of the investment management company's stock valued at $182,000 after acquiring an additional 2,912 shares in the last quarter. Institutional investors own 6.74% of the company's stock.

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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