Oxford Lane Capital Corp. (NASDAQ:OXLCN) Sees Significant Drop in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 9,500 shares, a drop of 19.5% from the February 13th total of 11,800 shares. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is presently 3.5 days.

Oxford Lane Capital Trading Down 0.6 %

Shares of OXLCN opened at $23.95 on Thursday. The stock has a 50 day moving average price of $24.26 and a 200 day moving average price of $24.22. Oxford Lane Capital has a one year low of $23.21 and a one year high of $24.50.

Oxford Lane Capital Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.1484 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.44%. The ex-dividend date is Wednesday, April 16th.

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.