Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLC) Expands By 28.0%

Oxford Lane Capital Corp. (NASDAQ:OXLC) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 2,420,000 shares, an increase of 28.0% from the September 30th total of 1,890,000 shares. Based on an average trading volume of 4,070,700 shares, the short-interest ratio is currently 0.6 days.

Oxford Lane Capital Trading Up 0.2 %

Shares of OXLC traded up $0.01 during mid-day trading on Wednesday, reaching $5.24. The company’s stock had a trading volume of 1,505,579 shares, compared to its average volume of 3,234,216. Oxford Lane Capital has a 52 week low of $4.65 and a 52 week high of $5.78. The company’s fifty day moving average price is $5.27 and its two-hundred day moving average price is $5.34. The stock has a market cap of $1.25 billion, a PE ratio of 5.18 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be paid a dividend of $0.09 per share. This represents a yield of 20.73%. The ex-dividend date of this dividend is Thursday, October 17th. Oxford Lane Capital’s payout ratio is 100.00%.

Institutional Trading of Oxford Lane Capital

Several large investors have recently modified their holdings of the company. Precision Wealth Strategies LLC purchased a new stake in shares of Oxford Lane Capital in the third quarter worth about $52,000. Marks Wealth LLC bought a new position in shares of Oxford Lane Capital during the 3rd quarter worth $53,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Oxford Lane Capital in the 3rd quarter worth $53,000. Foundations Investment Advisors LLC purchased a new position in Oxford Lane Capital during the 3rd quarter worth $64,000. Finally, Freestate Advisors LLC acquired a new stake in Oxford Lane Capital during the 3rd quarter worth about $72,000. Institutional investors own 6.74% of the company’s stock.

About Oxford Lane Capital

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.