Oxford Lane Capital Corp. (NASDAQ:OXLCO) Sees Large Decrease in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,000 shares, a drop of 28.6% from the February 13th total of 1,400 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is currently 0.4 days.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLCO traded up $0.11 during midday trading on Tuesday, reaching $23.04. The company’s stock had a trading volume of 571 shares, compared to its average volume of 2,294. The firm has a 50 day moving average price of $22.96 and a 200-day moving average price of $22.92. Oxford Lane Capital has a 12-month low of $21.92 and a 12-month high of $23.47.

Oxford Lane Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend is Monday, March 17th.

Oxford Lane Capital 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.