Oxford Square Capital Corp. (NASDAQ:OXSQ) Sees Large Decrease in Short Interest

Oxford Square Capital Corp. (NASDAQ:OXSQ) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 610,000 shares, a decrease of 20.6% from the February 13th total of 767,900 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 447,900 shares, the days-to-cover ratio is presently 1.4 days.

Oxford Square Capital Stock Performance

Shares of Oxford Square Capital stock traded up $0.01 during midday trading on Tuesday, reaching $2.60. 436,670 shares of the company’s stock traded hands, compared to its average volume of 390,277. The stock has a 50 day moving average of $2.72 and a 200-day moving average of $2.75. Oxford Square Capital has a 12 month low of $2.40 and a 12 month high of $3.29. The company has a market cap of $181.45 million, a PE ratio of -26.00 and a beta of 1.07.

Oxford Square Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, April 16th. Oxford Square Capital’s dividend payout ratio is currently 420.00%.

Institutional Trading of Oxford Square Capital

Hedge funds have recently modified their holdings of the business. National Wealth Management Group LLC purchased a new position in Oxford Square Capital during the 3rd quarter valued at about $28,000. Strategic Financial Concepts LLC bought a new position in shares of Oxford Square Capital during the fourth quarter valued at approximately $30,000. Kingsview Wealth Management LLC lifted its holdings in shares of Oxford Square Capital by 23.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 68,425 shares of the company’s stock valued at $167,000 after purchasing an additional 13,000 shares during the last quarter. Moloney Securities Asset Management LLC boosted its position in shares of Oxford Square Capital by 3.6% in the 4th quarter. Moloney Securities Asset Management LLC now owns 154,800 shares of the company’s stock worth $378,000 after purchasing an additional 5,319 shares in the last quarter. Finally, BostonPremier Wealth LLC purchased a new stake in shares of Oxford Square Capital in the 4th quarter worth approximately $160,000. Institutional investors own 6.44% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Oxford Square Capital from a “hold” rating to a “sell” rating in a report on Friday, March 7th.

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.