Oxford Lane Capital Corp. (NASDAQ:OXLCP) Sees Large Decline in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCP) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,600 shares, a drop of 34.5% from the February 28th total of 5,500 shares. Based on an average daily volume of 5,400 shares, the short-interest ratio is currently 0.7 days.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLCP traded down $0.02 during mid-day trading on Friday, reaching $24.18. The company’s stock had a trading volume of 7,536 shares, compared to its average volume of 4,823. Oxford Lane Capital has a 52 week low of $23.30 and a 52 week high of $24.40. The stock has a fifty day moving average of $24.18 and a two-hundred day moving average of $24.08.

Oxford Lane Capital Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.1302 dividend. The ex-dividend date is Wednesday, April 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.