Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,425 shares, a growth of 67.9% from the September 30th total of 1,444 shares. Based on an average daily trading volume, of 2,628 shares, the short-interest ratio is presently 0.9 days.
Oxford Lane Capital Stock Up 0.3%
Shares of OXLCN stock opened at $24.50 on Tuesday. Oxford Lane Capital has a 52 week low of $23.93 and a 52 week high of $25.10. The firm’s 50-day simple moving average is $24.45 and its two-hundred day simple moving average is $24.57.
About Oxford Lane Capital
Oxford Lane Capital Corp. is a closed-end management investment company that seeks to generate current income and total returns by investing primarily in collateralized loan obligation (CLO) securities. CLOs are structured investment vehicles that typically hold portfolios of senior secured corporate loans.
The company focuses mainly on the equity and junior debt tranches of CLOs, which generally have greater exposure to the performance of the underlying loan portfolios than senior CLO tranches.
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