Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Large Increase in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 4,700 shares, an increase of 27.0% from the February 13th total of 3,700 shares. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is currently 1.4 days.

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

Oxford Lane Capital Corp. 6.75% Notes due 2031 stock traded down $0.15 during midday trading on Tuesday, hitting $23.54. 455 shares of the company’s stock were exchanged, compared to its average volume of 3,279. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52-week low of $23.12 and a 52-week high of $24.68. The stock has a 50-day moving average price of $23.68 and a two-hundred day moving average price of $23.93.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Saturday, March 15th will be issued a $0.4219 dividend. This is a boost from Oxford Lane Capital Corp. 6.75% Notes due 2031’s previous quarterly dividend of $0.42. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend is Friday, March 14th.

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.