Short Interest in Oxford Square Capital Corp. (NASDAQ:OXSQ) Grows By 31.1%

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,770,000 shares, a growth of 31.1% from the April 30th total of 1,350,000 shares. Based on an average trading volume of 495,600 shares, the short-interest ratio is currently 3.6 days. Currently, 2.9% of the company's shares are sold short.

Oxford Square Capital Trading Up 0.4%

Shares of NASDAQ:OXSQ traded up $0.01 during mid-day trading on Friday, reaching $2.29. The stock had a trading volume of 367,057 shares, compared to its average volume of 453,110. The firm has a market cap of $163.45 million, a PE ratio of -22.90 and a beta of 0.73. The firm has a 50 day simple moving average of $2.44 and a two-hundred day simple moving average of $2.58. Oxford Square Capital has a twelve month low of $2.26 and a twelve month high of $3.10.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $10.16 million for the quarter, compared to the consensus estimate of $9.90 million. Oxford Square Capital had a negative net margin of 10.48% and a positive return on equity of 18.58%. During the same period last year, the company posted $0.11 EPS.

Oxford Square Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.035 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 18.34%. Oxford Square Capital's dividend payout ratio is 4,200.00%.

Institutional Trading of Oxford Square Capital

A number of hedge funds have recently modified their holdings of OXSQ. Strategic Financial Concepts LLC acquired a new stake in Oxford Square Capital during the 4th quarter worth approximately $30,000. Kingsview Wealth Management LLC raised its holdings in Oxford Square Capital by 23.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 68,425 shares of the company's stock worth $167,000 after buying an additional 13,000 shares during the period. Moloney Securities Asset Management LLC raised its holdings in Oxford Square Capital by 3.6% during the 4th quarter. Moloney Securities Asset Management LLC now owns 154,800 shares of the company's stock worth $378,000 after buying an additional 5,319 shares during the period. BostonPremier Wealth LLC acquired a new stake in Oxford Square Capital during the 4th quarter worth approximately $160,000. Finally, Founders Financial Alliance LLC raised its holdings in Oxford Square Capital by 124.1% during the 4th quarter. Founders Financial Alliance LLC now owns 84,865 shares of the company's stock worth $207,000 after buying an additional 47,000 shares during the period. 6.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Oxford Square Capital from a "hold" rating to a "sell" rating in a research report on Sunday, May 4th.

About Oxford Square Capital

Oxford Square Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. It is a private equity and mezzanine firm. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, common stock and syndicated bank loans.