Oxford Lane Capital Corp. (NASDAQ:OXLCN) Sees Significant Decline in Short Interest

Posted by Trevor Kearing on Dec 13th, 2024

Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 6,300 shares, a decline of 30.8% from the November 15th total of 9,100 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is presently 2.4 days.

Oxford Lane Capital Stock Performance

NASDAQ OXLCN traded up $0.01 on Friday, hitting $24.11. 4,110 shares of the company’s stock traded hands, compared to its average volume of 3,008. Oxford Lane Capital has a 1-year low of $22.93 and a 1-year high of $24.50. The firm’s 50-day moving average price is $24.21 and its two-hundred day moving average price is $24.13.

Oxford Lane Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.1484 per share. This represents a $1.78 annualized dividend and a dividend yield of 7.39%. The ex-dividend date is Tuesday, December 17th.

About Oxford Lane Capital

(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.