Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Increases By 21.4%

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,700 shares, a growth of 21.4% from the October 31st total of 1,400 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is presently 0.9 days.

Oxford Lane Capital Trading Up 0.3 %

Shares of OXLCO opened at $22.98 on Monday. The business’s 50-day moving average is $22.94 and its 200-day moving average is $22.66. Oxford Lane Capital has a fifty-two week low of $21.46 and a fifty-two week high of $23.47.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.125 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.50 annualized dividend and a yield of 6.53%.

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.