Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLCN) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 884 shares, an increase of 122.7% from the December 15th total of 397 shares. Based on an average trading volume of 4,081 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 4,081 shares, the days-to-cover ratio is currently 0.2 days.

Oxford Lane Capital Price Performance

Shares of NASDAQ:OXLCN traded up $0.10 during trading on Friday, hitting $24.66. 2,322 shares of the stock were exchanged, compared to its average volume of 4,838. The company’s fifty day simple moving average is $24.40 and its 200-day simple moving average is $24.35. Oxford Lane Capital has a 1-year low of $23.40 and a 1-year high of $24.75.

Oxford Lane Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.1484 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, February 13th.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.