Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCP) Increases By 616.7%

Oxford Lane Capital Corp. (NASDAQ:OXLCP) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 4,300 shares, a growth of 616.7% from the September 15th total of 600 shares. Based on an average daily volume of 7,700 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 7,700 shares, the short-interest ratio is currently 0.6 days.

Oxford Lane Capital Stock Down 0.1%

OXLCP stock opened at $24.53 on Friday. Oxford Lane Capital has a twelve month low of $23.75 and a twelve month high of $24.97. The business’s 50-day moving average price is $24.44 and its 200-day moving average price is $24.33.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $0.1302 dividend. The ex-dividend date is Friday, October 17th. This represents a c) dividend on an annualized basis and a yield of 6.4%.

Institutional Investors Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Resources Management Corp CT ADV purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCP) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,200 shares of the company’s stock, valued at approximately $320,000.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.