Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Increases By 44.4%

Posted by Stacy Sanders on Aug 14th, 2024

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 2,600 shares, an increase of 44.4% from the July 15th total of 1,800 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is currently 0.7 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Down 0.1 %

NASDAQ OXLCL traded down $0.03 on Wednesday, hitting $23.99. The company’s stock had a trading volume of 2,803 shares, compared to its average volume of 3,839. The company’s 50-day moving average is $23.72 and its 200 day moving average is $23.88. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1-year low of $22.10 and a 1-year high of $24.35.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Saturday, June 15th were given a dividend of $0.4219 per share. The ex-dividend date was Friday, June 14th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.03%.

Oxford Lane Capital Corp. 6.75% Notes due 2031 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.