Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCN) Decreases By 19.5%

Oxford Lane Capital Corp. (NASDAQ:OXLCN) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 9,500 shares, a decrease of 19.5% from the February 13th total of 11,800 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is presently 3.5 days.

Oxford Lane Capital Price Performance

Shares of Oxford Lane Capital stock traded down $0.14 during trading on Wednesday, hitting $23.95. The stock had a trading volume of 4,600 shares, compared to its average volume of 3,028. Oxford Lane Capital has a 12 month low of $23.21 and a 12 month high of $24.50. The firm’s fifty day simple moving average is $24.27 and its 200-day simple moving average is $24.22.

Oxford Lane Capital Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.1484 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.44%.

Oxford Lane Capital Company Profile

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.