Oxford Lane Capital Corp. (NASDAQ:OXLCP) Sees Significant Growth in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCP) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 15,235 shares, a growth of 10,056.7% from the January 29th total of 150 shares. Based on an average daily volume of 5,946 shares, the short-interest ratio is presently 2.6 days. Based on an average daily volume of 5,946 shares, the short-interest ratio is presently 2.6 days.

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 acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,200 shares of the company’s stock, valued at approximately $320,000.

Oxford Lane Capital Stock Down 0.1%

Shares of OXLCP opened at $24.49 on Thursday. Oxford Lane Capital has a fifty-two week low of $23.75 and a fifty-two week high of $24.97. The firm’s 50 day moving average price is $24.64 and its 200 day moving average price is $24.54.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.1302 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Friday, May 15th.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed‐end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating‐rate assets that can adjust with interest‐rate movements.

The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.