Oxford Lane Capital Corp. (NASDAQ:OXLCO) Sees Large Growth in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 4,250 shares, an increase of 249.5% from the October 15th total of 1,216 shares. Based on an average trading volume of 2,186 shares, the short-interest ratio is presently 1.9 days.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLCO traded down $0.17 during midday trading on Thursday, reaching $23.93. 822 shares of the company traded hands, compared to its average volume of 2,811. The stock has a 50-day moving average price of $23.67 and a 200 day moving average price of $23.75. Oxford Lane Capital has a 52 week low of $23.07 and a 52 week high of $24.98.

Oxford Lane Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 26th. Shareholders of record on Friday, February 12th will be paid a dividend of $0.1250 per share. This represents a $1.50 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Friday, February 12th.

About Oxford Lane Capital

Oxford Lane Capital Corp. is a closed-end management investment company focused on collateralized loan obligations (CLOs), which pool leveraged loans and issue securities with different levels of risk and priority. The company invests primarily in CLO equity and debt securities. Its investment strategy seeks income and total return by investing across CLO structures, including junior tranches that may be more sensitive to changes in loan performance and market conditions. The underlying loan portfolios are principally associated with the U.S. leveraged-loan market.