Oxford Lane Capital Corp. (NASDAQ:OXLCI) Shares Shorted: Short Interest Down 81.2% in September

Oxford Lane Capital Corp. (NASDAQ:OXLCI) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,139 shares, a decrease of 81.2% from the August 31st total of 6,070 shares. Based on an average trading volume of 7,311 shares, the days-to-cover ratio is presently 0.2 days.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLCI traded up $0.06 during mid-day trading on Friday, reaching $25.32. 5,101 shares of the company were exchanged, compared to its average volume of 6,097. Oxford Lane Capital has a 1 year low of $25.10 and a 1 year high of $26.25. The firm’s 50-day simple moving average is $25.62 and its 200 day simple moving average is $25.58.

Oxford Lane Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.5469 per share. This represents a $2.19 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Tuesday, December 15th.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.