Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Grows By 21.4%

Posted by Matthew Steigler on Dec 2nd, 2024

Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,700 shares, an increase of 21.4% from the October 31st total of 1,400 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 0.9 days.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLCO traded up $0.06 on Monday, hitting $22.98. The company’s stock had a trading volume of 1,200 shares, compared to its average volume of 2,238. The company has a 50-day simple moving average of $22.94 and a 200 day simple moving average of $22.66. Oxford Lane Capital has a 1 year low of $21.46 and a 1 year high of $23.47.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.53%.

About Oxford Lane Capital

(Get Free Report)

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.