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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 8,100 shares, a drop of 14.7% from the February 28th total of 9,500 shares. Based on an average daily volume of 2,300 shares, the short-interest ratio is currently 3.5 days.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLCN remained flat at $24.03 during midday trading on Thursday. The stock had a trading volume of 1,850 shares, compared to its average volume of 2,812. Oxford Lane Capital has a twelve month low of $23.36 and a twelve month high of $24.50. The stock’s 50-day moving average price is $24.22 and its two-hundred day moving average price is $24.21.

Oxford Lane Capital Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.1484 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.78 dividend on an annualized basis and a yield of 7.41%.

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.