Oxford Lane Capital Corp. (NASDAQ:OXLCP) Sees Large Drop in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCP) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 3,600 shares, a decline of 34.5% from the February 28th total of 5,500 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is currently 0.7 days.

Oxford Lane Capital Price Performance

OXLCP stock traded down $0.01 during midday trading on Monday, reaching $24.17. The company had a trading volume of 2,085 shares, compared to its average volume of 4,812. The firm has a 50-day moving average price of $24.18 and a 200-day moving average price of $24.08. Oxford Lane Capital has a 1 year low of $23.30 and a 1 year high of $24.40.

Oxford Lane Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.1302 dividend. The ex-dividend date of this dividend is Wednesday, April 16th.

About Oxford Lane Capital

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.