Oxford Lane Capital Corp. (NASDAQ:OXLCI) Stock Short Interest Report for October

Oxford Lane Capital Corp. (NASDAQ:OXLCI) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 9,211 shares, a growth of 439.6% from the September 30th total of 1,707 shares. Based on an average daily volume of 8,924 shares, the days-to-cover ratio is currently 1.0 days.

Oxford Lane Capital Trading Up 0.0%

NASDAQ OXLCI traded up $0.01 on Tuesday, reaching $25.12. 7,300 shares of the stock traded hands, compared to its average volume of 7,135. The company has a fifty day moving average price of $25.45 and a 200-day moving average price of $25.58. Oxford Lane Capital has a 12 month low of $25.00 and a 12 month high of $26.25.

Oxford Lane Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.5469 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $2.19 annualized dividend and a dividend yield of 8.7%.

Oxford Lane Capital Corp. is a closed-end investment company that seeks to provide income and preserve capital through investments in collateralized loan obligations (CLOs). The company primarily invests in the equity and junior debt tranches of CLOs, which are securities backed by portfolios of senior secured loans made to businesses.

Oxford Lane’s portfolio may also include other structured credit investments and debt securities related to CLO transactions. Its investments generally provide exposure to corporate lending markets in the United States and Europe, although the composition of the portfolio may change over time.