Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) saw a significant growth in short interest in the month of 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 daily volume of 2,628 shares, the short-interest ratio is presently 0.9 days.
Oxford Lane Capital Price Performance
Shares of OXLCN opened at $24.48 on Wednesday. The company’s 50-day simple moving average is $24.45 and its 200-day simple moving average is $24.57. Oxford Lane Capital has a 1 year low of $23.93 and a 1 year high of $25.10.
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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