Oxford Square Capital Corp. (NASDAQ:OXSQ) Short Interest Down 39.3% in October

Oxford Square Capital Corp. (NASDAQ:OXSQ) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 534,400 shares, a decline of 39.3% from the October 15th total of 880,500 shares. Based on an average daily trading volume, of 459,100 shares, the days-to-cover ratio is currently 1.2 days.

Oxford Square Capital Stock Performance

Shares of NASDAQ:OXSQ opened at $2.70 on Friday. The company’s fifty day moving average is $2.88 and its 200-day moving average is $2.98. The company has a market capitalization of $183.30 million, a PE ratio of -27.00 and a beta of 1.10. Oxford Square Capital has a 52 week low of $2.67 and a 52 week high of $3.29.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $11.45 million for the quarter. Oxford Square Capital had a negative net margin of 10.48% and a positive return on equity of 18.58%. During the same quarter last year, the company earned $0.13 EPS.

Oxford Square Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.42 annualized dividend and a yield of 15.56%. Oxford Square Capital’s dividend payout ratio is currently -419.96%.

Institutional Trading of Oxford Square Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in OXSQ. CANADA LIFE ASSURANCE Co raised its holdings in Oxford Square Capital by 22.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 57,288 shares of the company’s stock worth $182,000 after purchasing an additional 10,368 shares during the last quarter. Quadrature Capital Ltd increased its stake in shares of Oxford Square Capital by 57.7% in the 1st quarter. Quadrature Capital Ltd now owns 133,168 shares of the company’s stock valued at $422,000 after acquiring an additional 48,717 shares during the last quarter. LifeSteps Financial Inc. bought a new stake in shares of Oxford Square Capital in the 2nd quarter valued at about $29,000. First Bancorp Inc ME bought a new stake in shares of Oxford Square Capital in the 2nd quarter valued at about $53,000. Finally, Creative Planning increased its stake in shares of Oxford Square Capital by 17.6% in the 3rd quarter. Creative Planning now owns 40,840 shares of the company’s stock valued at $116,000 after acquiring an additional 6,103 shares during the last quarter. 6.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Oxford Square Capital from a “hold” rating to a “sell” rating in a report on Monday, November 11th.

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.