Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 1,400 shares, an increase of 133.3% from the January 31st total of 600 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is presently 0.5 days.
Oxford Lane Capital Trading Down 0.2 %
Oxford Lane Capital stock traded down $0.05 during mid-day trading on Friday, reaching $23.00. The company had a trading volume of 3,136 shares, compared to its average volume of 2,593. Oxford Lane Capital has a 1 year low of $21.92 and a 1 year high of $23.47. The stock’s 50-day simple moving average is $22.91 and its 200-day simple moving average is $22.89.
Oxford Lane Capital Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 6.52%.
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.
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