Oxford Lane Capital Corp. (NASDAQ:OXLCN) Sees Large Increase in Short Interest

by · The Markets Daily

Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,271 shares, an increase of 156.9% from the December 31st total of 884 shares. Based on an average daily volume of 4,955 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 4,955 shares, the days-to-cover ratio is currently 0.5 days.

Oxford Lane Capital Stock Up 0.5%

Shares of OXLCN stock traded up $0.12 during mid-day trading on Thursday, hitting $24.68. The stock had a trading volume of 514 shares, compared to its average volume of 4,190. Oxford Lane Capital has a fifty-two week low of $23.40 and a fifty-two week high of $24.78. The company’s 50-day simple moving average is $24.42 and its 200-day simple moving average is $24.36.

About Oxford Lane Capital

(Get Free Report)

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.

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