Oxford Lane Capital Corp. (NASDAQ:OXLC) Short Interest Up 43.2% in January

Oxford Lane Capital Corp. (NASDAQ:OXLC) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,517,764 shares, a growth of 43.2% from the December 31st total of 1,060,198 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 1,194,410 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 1,194,410 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Oxford Lane Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC increased its position in Oxford Lane Capital by 1,520.4% in the 2nd quarter. Jane Street Group LLC now owns 594,696 shares of the investment management company’s stock valued at $2,498,000 after acquiring an additional 557,996 shares during the period. Bulldog Investors LLP acquired a new position in shares of Oxford Lane Capital during the third quarter valued at $7,573,000. North Ground Capital bought a new stake in shares of Oxford Lane Capital during the third quarter valued at about $6,771,000. Alpine Global Management LLC bought a new stake in shares of Oxford Lane Capital during the third quarter valued at about $3,762,000. Finally, Jump Financial LLC acquired a new stake in Oxford Lane Capital in the second quarter worth about $697,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLC traded down $0.73 during mid-day trading on Monday, hitting $11.39. The company had a trading volume of 5,011,815 shares, compared to its average volume of 1,597,222. Oxford Lane Capital has a 12 month low of $11.31 and a 12 month high of $25.95. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 2.10 and a beta of 0.70. The firm’s 50 day simple moving average is $14.45 and its two-hundred day simple moving average is $15.96.

Oxford Lane Capital (NASDAQ:OXLC) last issued its earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($1.01). The business had revenue of $128.30 million during the quarter, compared to analysts’ expectations of $247.87 million.

Oxford Lane Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.20 dividend. The ex-dividend date is Tuesday, June 16th. This represents a c) annualized dividend and a yield of 21.1%.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.