Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Drops By 28.6%

Oxford Lane Capital Corp. (NASDAQ:OXLCOGet Free Report) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,000 shares, a decline of 28.6% from the February 13th total of 1,400 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is currently 0.4 days.

Oxford Lane Capital Price Performance

OXLCO traded down $0.08 during trading on Friday, reaching $22.99. 443 shares of the stock were exchanged, compared to its average volume of 2,284. Oxford Lane Capital has a twelve month low of $21.92 and a twelve month high of $23.47. The stock’s 50 day moving average price is $22.96 and its two-hundred day moving average price is $22.91.

Oxford Lane Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, March 17th. This represents a $1.50 dividend on an annualized basis and a yield of 6.52%.

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.

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