Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Large Drop in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 2,900 shares, a decrease of 29.3% from the November 15th total of 4,100 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 1.0 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

Oxford Lane Capital Corp. 6.75% Notes due 2031 stock traded up $0.19 during mid-day trading on Friday, reaching $23.70. 2,025 shares of the company’s stock traded hands, compared to its average volume of 3,480. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12-month low of $22.60 and a 12-month high of $24.68. The stock has a 50 day moving average of $24.10 and a two-hundred day moving average of $23.99.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be issued a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend is Friday, December 13th.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

oxford lane capital corp. is a close ended fund launched and managed by oxford lane management llc. it invests in fixed income securities. the fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.