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

Oxford Lane Capital Corp. (NASDAQ:OXLCP) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 3,700 shares, a decline of 54.9% from the March 31st total of 8,200 shares. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is presently 0.7 days.

Oxford Lane Capital Price Performance

Shares of NASDAQ:OXLCP traded up $0.03 on Monday, hitting $24.20. 4,065 shares of the company traded hands, compared to its average volume of 5,102. The stock has a 50 day simple moving average of $24.13 and a 200-day simple moving average of $24.10. Oxford Lane Capital has a 52 week low of $23.30 and a 52 week high of $24.40.

Oxford Lane Capital Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be issued a $0.1302 dividend. The ex-dividend date is Wednesday, April 16th. This represents a yield of 6.49%.

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.