Oxford Lane Capital Corp. (NASDAQ:OXLCI) Sees Large Growth in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCI) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 7,467 shares, a growth of 24.2% from the December 31st total of 6,011 shares. Based on an average daily volume of 4,570 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 4,570 shares, the days-to-cover ratio is presently 1.6 days.

Oxford Lane Capital Trading Down 0.5%

Shares of NASDAQ:OXLCI traded down $0.12 on Wednesday, hitting $25.61. 41,533 shares of the company were exchanged, compared to its average volume of 8,167. Oxford Lane Capital has a 1-year low of $24.93 and a 1-year high of $26.25. The stock’s 50 day moving average price is $25.72 and its 200 day moving average price is $25.72.

Oxford Lane Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.5469 dividend. This represents a $2.19 annualized dividend and a dividend yield of 8.5%. The ex-dividend date was 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.