Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 6,600 shares, a decline of 24.1% from the December 15th total of 8,700 shares. Based on an average daily trading volume, of 3,200 shares, the days-to-cover ratio is currently 2.1 days.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLCN traded down $0.12 during mid-day trading on Wednesday, hitting $24.18. The company had a trading volume of 474 shares, compared to its average volume of 2,386. The firm has a 50-day simple moving average of $24.16 and a two-hundred day simple moving average of $24.16. Oxford Lane Capital has a one year low of $23.20 and a one year high of $24.50.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.1484 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.78 dividend on an annualized basis and a yield of 7.37%.

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.