Oxford Lane Capital Corp. (NASDAQ:OXLCP) Short Interest Down 47.1% in October

by · The Cerbat Gem

Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 900 shares, a decline of 47.1% from the October 15th total of 1,700 shares. Based on an average daily trading volume, of 4,500 shares, the short-interest ratio is presently 0.2 days.

Oxford Lane Capital Stock Performance

Shares of OXLCP traded up $0.08 during mid-day trading on Friday, reaching $24.08. 1,425 shares of the company’s stock traded hands, compared to its average volume of 5,539. The business’s 50-day moving average price is $23.98 and its 200-day moving average price is $23.74. Oxford Lane Capital has a 12 month low of $22.74 and a 12 month high of $24.16.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.1302 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.49%.

Oxford Lane Capital Company Profile

(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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