Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,425 shares, an increase of 67.9% from the September 30th total of 1,444 shares. Based on an average trading volume of 2,628 shares, the days-to-cover ratio is presently 0.9 days.
Oxford Lane Capital Trading Up 0.0%
Shares of OXLCN stock opened at $24.43 on Monday. Oxford Lane Capital has a 1 year low of $23.93 and a 1 year high of $25.10. The stock has a fifty day moving average of $24.45 and a two-hundred day moving average of $24.57.
About Oxford Lane Capital
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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