Short Interest in Oxford Square Capital Corp. (NASDAQ:OXSQ) Increases By 110.3%

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 939,800 shares, an increase of 110.3% from the March 31st total of 446,900 shares. Based on an average daily volume of 445,400 shares, the short-interest ratio is presently 2.1 days. Approximately 1.5% of the company's shares are sold short.

Oxford Square Capital Stock Performance

Oxford Square Capital stock remained flat at $2.55 during mid-day trading on Monday. The company had a trading volume of 416,572 shares, compared to its average volume of 421,168. The stock's 50-day moving average is $2.61 and its 200 day moving average is $2.68. The firm has a market cap of $177.96 million, a P/E ratio of -25.50 and a beta of 0.71. Oxford Square Capital has a 1 year low of $2.28 and a 1 year high of $3.29.

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

Oxford Square Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 16.47%. The ex-dividend date of this dividend is Tuesday, September 16th. Oxford Square Capital's payout ratio is currently 4,200.00%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its position in 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 worth $49,000 after purchasing an additional 5,626 shares during the last quarter. Kennedy Investment Group acquired a new position in shares of Oxford Square Capital during the 1st quarter valued at about $26,000. Silverberg Bernstein Capital Management LLC increased its holdings in shares of Oxford Square Capital by 20.0% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 55,919 shares of the company's stock valued at $146,000 after acquiring an additional 9,337 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Oxford Square Capital by 10.8% during the 4th quarter. Two Sigma Advisers LP now owns 1,414,613 shares of the company's stock valued at $3,452,000 after acquiring an additional 137,400 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Oxford Square Capital by 23.9% during the 4th quarter. Millennium Management LLC now owns 142,335 shares of the company's stock valued at $347,000 after acquiring an additional 27,451 shares during the last quarter. 6.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Oxford Square Capital from a "sell" rating to a "hold" rating in a research note on Saturday.

Oxford Square Capital Company Profile

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.

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