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

Oxford Square Capital Corp. (NASDAQ:OXSQ) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 5,580,413 shares, a growth of 33.1% from the February 12th total of 4,191,814 shares. Based on an average daily volume of 1,306,637 shares, the days-to-cover ratio is currently 4.3 days. Currently, 7.5% of the shares of the stock are short sold. Currently, 7.5% of the shares of the stock are short sold. Based on an average daily volume of 1,306,637 shares, the days-to-cover ratio is currently 4.3 days.

Hedge Funds Weigh In On Oxford Square Capital

A number of large investors have recently bought and sold shares of the stock. StoneX Group Inc. acquired a new position in shares of Oxford Square Capital in the 4th quarter valued at $29,000. McIlrath & Eck LLC acquired a new stake in shares of Oxford Square Capital during the 4th quarter worth $43,000. Alpine Global Management LLC purchased a new position in shares of Oxford Square Capital in the 3rd quarter worth $42,000. CANADA LIFE ASSURANCE Co boosted its holdings in Oxford Square Capital by 72.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 97,936 shares of the company’s stock valued at $155,000 after acquiring an additional 41,105 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Oxford Square Capital during the third quarter valued at about $63,000. Hedge funds and other institutional investors own 6.44% of the company’s stock.

Oxford Square Capital Stock Down 0.6%

Shares of OXSQ stock traded down $0.01 during mid-day trading on Friday, hitting $1.74. 1,367,574 shares of the company’s stock were exchanged, compared to its average volume of 1,386,181. The stock has a market cap of $152.27 million, a price-to-earnings ratio of -6.69 and a beta of 0.53. The stock has a 50-day simple moving average of $1.84 and a two-hundred day simple moving average of $1.86. Oxford Square Capital has a fifty-two week low of $1.56 and a fifty-two week high of $2.72.

Oxford Square Capital (NASDAQ:OXSQ) last released its earnings results on Tuesday, March 3rd. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Oxford Square Capital had a positive return on equity of 14.80% and a negative net margin of 46.44%.The firm had revenue of ($10.71) million for the quarter, compared to the consensus estimate of $10.15 million.

Oxford Square Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.035 dividend. This represents a c) dividend on an annualized basis and a yield of 24.1%. The ex-dividend date is Tuesday, June 16th. Oxford Square Capital’s payout ratio is presently -161.54%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oxford Square Capital in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Oxford Square Capital currently has a consensus rating of “Sell”.

About Oxford Square Capital

Oxford Square Capital Corp. (NASDAQ:OXSQ) is a publicly traded business development company that provides flexible financing solutions to U.S. middle-market companies. Chartered as a closed-end management investment company, Oxford Square Capital seeks to generate current income and capital appreciation by investing primarily in secured loans, mezzanine debt and equity co-investments. The firm targets businesses with established cash flows, offering tailored capital structures designed to support growth, recapitalizations and acquisitions.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, subordinated debt and preferred and common equity stakes.