Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Drops By 18.4%

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 3,100 shares, a decline of 18.4% from the October 15th total of 3,800 shares. Based on an average trading volume of 2,500 shares, the short-interest ratio is presently 1.2 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

OXLCL stock remained flat at $23.98 on Friday. 2,204 shares of the company traded hands, compared to its average volume of 3,442. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1 year low of $22.53 and a 1 year high of $24.68. The firm’s 50-day simple moving average is $24.32 and its 200 day simple moving average is $24.00.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be issued a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend is Friday, December 13th.

Oxford Lane Capital Corp. 6.75% Notes due 2031 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.