Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Down 14.7% in March

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 8,100 shares, a decline of 14.7% from the February 28th total of 9,500 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is presently 3.5 days.

Oxford Lane Capital Price Performance

NASDAQ OXLCN traded down $0.03 during mid-day trading on Wednesday, reaching $24.03. The stock had a trading volume of 3,160 shares, compared to its average volume of 2,812. The company has a fifty day moving average price of $24.22 and a 200 day moving average price of $24.21. Oxford Lane Capital has a 1 year low of $23.36 and a 1 year high of $24.50.

Oxford Lane Capital Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.1484 per share. This represents a $1.78 annualized dividend and a yield of 7.41%. The ex-dividend date of this dividend is Wednesday, April 16th.

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.