Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Up 122.7% in December

Oxford Lane Capital Corp. (NASDAQ:OXLCN) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 884 shares, an increase of 122.7% from the December 15th total of 397 shares. Based on an average daily trading volume, of 4,081 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 4,081 shares, the short-interest ratio is presently 0.2 days.

Oxford Lane Capital Price Performance

Shares of OXLCN stock traded up $0.15 during trading hours on Wednesday, hitting $24.64. The stock had a trading volume of 852 shares, compared to its average volume of 5,025. The stock’s 50 day moving average is $24.38 and its 200 day moving average is $24.34. Oxford Lane Capital has a twelve month low of $23.40 and a twelve month high of $24.75.

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.1484 dividend. The ex-dividend date is Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.