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

Oxford Lane Capital Corp. (NASDAQ:OXLCM) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 4,541 shares, a growth of 1,101.3% from the September 15th total of 378 shares. Based on an average daily trading volume, of 4,816 shares, the short-interest ratio is currently 0.9 days.

Oxford Lane Capital Stock Performance

NASDAQ:OXLCM traded down $0.04 during trading hours on Friday, reaching $24.94. 2,018 shares of the company were exchanged, compared to its average volume of 12,911. Oxford Lane Capital has a twelve month low of $24.40 and a twelve month high of $25.48. The stock’s 50-day moving average is $25.06 and its 200-day moving average is $25.04.

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a dividend of $0.1719 per share. This represents a $2.06 annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Monday, November 16th.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. is a closed-end management investment company that focuses primarily on investments in collateralized loan obligations (CLOs). CLOs are structured investment vehicles backed mainly by portfolios of senior secured corporate loans. Oxford Lane generally invests in the equity and junior debt tranches of these vehicles, seeking to generate current income and long-term total returns.

The company’s portfolio may also include other credit-related investments, such as debt securities and other structured finance instruments.