Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 2,425 shares, a growth of 67.9% from the September 30th total of 1,444 shares. Based on an average trading volume of 2,628 shares, the short-interest ratio is currently 0.9 days.
Oxford Lane Capital Price Performance
Shares of NASDAQ:OXLCN opened at $24.43 on Monday. Oxford Lane Capital has a 12 month low of $23.93 and a 12 month high of $25.10. The stock’s 50 day moving average price is $24.45 and its 200 day moving average price is $24.57.
Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. is a closed-end management investment company that seeks to generate current income and total returns by investing primarily in collateralized loan obligation (CLO) securities. CLOs are structured investment vehicles that typically hold portfolios of senior secured corporate loans.
The company focuses mainly on the equity and junior debt tranches of CLOs, which generally have greater exposure to the performance of the underlying loan portfolios than senior CLO tranches.
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