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

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

Analyst Ratings Changes

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

Oxford Square Capital Stock Performance

Shares of OXSQ stock remained flat at $2.28 during trading hours on Thursday. The stock had a trading volume of 239,622 shares, compared to its average volume of 473,248. The business's fifty day moving average price is $2.45 and its 200 day moving average price is $2.59. The stock has a market cap of $162.74 million, a P/E ratio of -22.80 and a beta of 0.73. Oxford Square Capital has a 1-year low of $2.26 and a 1-year high of $3.11.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $10.16 million for the quarter, compared to analyst estimates 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 in the previous year, the company earned $0.11 earnings per share.

Oxford Square Capital Dividend Announcement

The business 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 dividend of $0.035 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.42 annualized dividend and a dividend yield of 18.42%. Oxford Square Capital's dividend payout ratio (DPR) is presently 4,200.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Kennedy Investment Group acquired a new stake in Oxford Square Capital in the 1st quarter valued at about $26,000. Dynamic Technology Lab Private Ltd acquired a new stake in Oxford Square Capital in the 1st quarter valued at about $28,000. Strategic Financial Concepts LLC acquired a new stake in Oxford Square Capital in the 4th quarter valued at about $30,000. United Bank acquired a new stake in Oxford Square Capital in the 4th quarter valued at about $43,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Oxford Square Capital by 42.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,782 shares of the company's stock valued at $49,000 after buying an additional 5,626 shares during the period. Institutional investors and hedge funds own 6.44% of the company's stock.

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.