Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) Stock Short Interest Climbs 64.9%

Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,622 shares, an increase of 64.9% from the September 30th total of 1,590 shares. Based on an average trading volume of 5,774 shares, the days-to-cover ratio is currently 0.5 days.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Stock Performance

Shares of Oxford Lane Capital Corp. 5.00% Notes due 2027 stock traded up $0.01 during trading on Monday, hitting $25.02. The stock had a trading volume of 411 shares, compared to its average volume of 5,864. Oxford Lane Capital Corp. 5.00% Notes due 2027 has a 1 year low of $24.21 and a 1 year high of $25.15. The stock has a 50 day simple moving average of $24.98 and a 200 day simple moving average of $24.75.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, December 15th.

About Oxford Lane Capital Corp. 5.00% Notes due 2027

Oxford Lane Capital Corp. 5.00% Notes due 2027 are debt securities issued by Oxford Lane Capital Corp., a publicly traded, non-diversified closed-end management investment company. The notes represent obligations of the issuer rather than a separate operating business and trade on the Nasdaq Stock Market under the symbol OXLCZ.

Oxford Lane Capital invests primarily in collateralized loan obligation (CLO) securities, with an emphasis on equity and junior debt tranches. CLOs are investment vehicles backed mainly by portfolios of senior secured corporate loans.