Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCI) Grows By 1,521.5%

Oxford Lane Capital Corp. (NASDAQ:OXLCI) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 6,259 shares, an increase of 1,521.5% from the November 30th total of 386 shares. Based on an average trading volume of 10,771 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 10,771 shares, the short-interest ratio is currently 0.6 days.

Oxford Lane Capital Trading Up 0.4%

NASDAQ:OXLCI traded up $0.10 on Wednesday, hitting $25.70. 6,973 shares of the company’s stock traded hands, compared to its average volume of 10,178. Oxford Lane Capital has a 1 year low of $24.93 and a 1 year high of $26.25. The firm has a 50-day moving average price of $25.74 and a 200-day moving average price of $25.69.

Oxford Lane Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.5469 per share. This represents a $2.19 annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Monday, December 15th.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.