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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 1,400 shares, a growth of 55.6% from the October 15th total of 900 shares. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is currently 0.8 days.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLCO traded up $0.22 during mid-day trading on Friday, hitting $23.08. 1,683 shares of the company traded hands, compared to its average volume of 2,256. Oxford Lane Capital has a 52-week low of $21.07 and a 52-week high of $23.47. The firm’s 50 day simple moving average is $22.90 and its 200 day simple moving average is $22.61.

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date is Friday, February 14th.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.