Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Expands By 27.0%

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 4,700 shares, a growth of 27.0% from the February 13th total of 3,700 shares. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is presently 1.4 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Down 0.6 %

Oxford Lane Capital Corp. 6.75% Notes due 2031 stock opened at $23.54 on Wednesday. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a one year low of $23.12 and a one year high of $24.68. The stock’s 50 day moving average is $23.68 and its 200 day moving average is $23.92.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Saturday, March 15th will be paid a $0.4219 dividend. This is a positive change from Oxford Lane Capital Corp. 6.75% Notes due 2031’s previous quarterly dividend of $0.42. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date is Friday, March 14th.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

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.