Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Drops By 28.6%

Oxford Lane Capital Corp. (NASDAQ:OXLCOGet Free Report) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 1,000 shares, a drop of 28.6% from the February 13th total of 1,400 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is currently 0.4 days.

Oxford Lane Capital Stock Performance

OXLCO stock traded down $0.08 during mid-day trading on Friday, hitting $22.99. 443 shares of the company were exchanged, compared to its average volume of 2,284. The firm’s 50 day simple moving average is $22.96 and its 200 day simple moving average is $22.91. Oxford Lane Capital has a 1-year low of $21.92 and a 1-year high of $23.47.

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.52%.

Oxford Lane Capital Company Profile

(Get Free Report)

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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