Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 4,500 shares, a growth of 45.2% from the January 15th total of 3,100 shares. Based on an average daily trading volume, of 4,600 shares, the days-to-cover ratio is presently 1.0 days.
Oxford Lane Capital Stock Performance
OXLCP traded down $0.03 during trading on Friday, hitting $24.22. The stock had a trading volume of 1,241 shares, compared to its average volume of 5,478. The company’s 50-day moving average price is $24.10 and its 200 day moving average price is $23.99. Oxford Lane Capital has a twelve month low of $23.15 and a twelve month high of $24.26.
Oxford Lane Capital Announces Dividend
The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.1302 dividend. The ex-dividend date of this dividend is Monday, March 17th.
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.
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