Oxford Lane Capital Corp. (NASDAQ:OXLCM) Sees Significant Decline in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCM) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 616 shares, a decrease of 90.7% from the August 15th total of 6,609 shares. Based on an average daily volume of 6,785 shares, the days-to-cover ratio is presently 0.1 days.

Oxford Lane Capital Stock Performance

Shares of OXLCM stock traded down $0.06 during mid-day trading on Thursday, reaching $25.03. 7,324 shares of the company’s stock traded hands, compared to its average volume of 14,142. Oxford Lane Capital has a 12 month low of $24.40 and a 12 month high of $25.48. The company’s 50-day moving average price is $25.05 and its 200-day moving average price is $25.03.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a dividend of $0.1719 per share. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Monday, November 16th.

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. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.