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

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,400 shares, a decrease of 70.2% from the March 15th total of 4,700 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is presently 0.5 days.

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

NASDAQ OXLCL traded up $0.08 during trading on Wednesday, hitting $22.93. The company’s stock had a trading volume of 359 shares, compared to its average volume of 3,356. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52 week low of $22.75 and a 52 week high of $24.68. The firm has a 50 day moving average price of $23.48 and a 200 day moving average price of $23.75.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.4219 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.69 annualized dividend and a yield of 7.36%.

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.