Oxford Lane Capital Corp. (NASDAQ:OXLCO) Sees Significant Increase in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCO) saw a significant 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 days-to-cover ratio is currently 1.9 days.

Oxford Lane Capital Stock Performance

Shares of OXLCO traded down $0.17 during trading hours on Thursday, hitting $23.93. The stock had a trading volume of 822 shares, compared to its average volume of 2,811. The firm 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 fifty-two week low of $23.07 and a fifty-two week high of $24.98.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 26th. Investors of record on Friday, February 12th will be issued a $0.1250 dividend. This represents a $1.50 annualized dividend and a yield of 6.3%. The ex-dividend date 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.