Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Drops By 66.7%

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 500 shares, a decline of 66.7% from the March 15th total of 1,500 shares. Based on an average trading volume of 2,100 shares, the short-interest ratio is presently 0.2 days.

Oxford Lane Capital Price Performance

OXLCO stock traded up $0.18 during midday trading on Thursday, hitting $22.54. 425 shares of the company’s stock were exchanged, compared to its average volume of 2,234. Oxford Lane Capital has a 1-year low of $21.98 and a 1-year high of $23.47. The business has a 50-day simple moving average of $22.91 and a two-hundred day simple moving average of $22.92.

Oxford Lane Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a dividend of $0.125 per share. This represents a dividend yield of 6.71%. The ex-dividend date is Wednesday, April 16th.

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.