Short Sellers Reverse Course on Oxford Lane Capital in Dramatic Shift

A significant reversal in market sentiment is underway for shares of Oxford Lane Capital Corp. Recent data reveals a substantial exodus of short sellers from their positions, signaling a potential turning point for the investment company’s stock. The latest figures point to a sharp reversal of the previously dominant negative sentiment that had surrounded the equity.

Newly released data indicates a monumental collapse in short interest. The number of shares sold short plummeted by a dramatic 85.1%, falling from a previous level of 4.9 million shares. This represents the closure of a substantial portion of bearish wagers against the company.

The current short interest now stands at just 732,100 shares, representing a mere 0.8% of the company’s total float. This drastic reduction in... Read more...