Oxford Lane Capital Corp. (NASDAQ:OXLCP) Sees Significant Decrease in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCP) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 900 shares, a decrease of 47.1% from the October 15th total of 1,700 shares. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is currently 0.2 days.

Oxford Lane Capital Stock Performance

NASDAQ OXLCP remained flat at $24.06 on Wednesday. 1,364 shares of the company traded hands, compared to its average volume of 5,577. The company’s 50-day moving average price is $23.97 and its two-hundred day moving average price is $23.74. Oxford Lane Capital has a 12 month low of $22.72 and a 12 month high of $24.16.

Oxford Lane Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.1302 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date of this dividend is Friday, January 17th.

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.