Oxford Lane Capital Corp. (NASDAQ:OXLCI) Sees Significant Increase in Short Interest

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

Oxford Lane Capital Price Performance

Shares of Oxford Lane Capital stock opened at $25.70 on Friday. The firm has a 50-day moving average of $25.74 and a 200-day moving average of $25.69. Oxford Lane Capital has a 52-week low of $24.93 and a 52-week high of $26.25.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis 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.