Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCP) Rises By 127.8%

Oxford Lane Capital Corp. (NASDAQ:OXLCP) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 8,200 shares, an increase of 127.8% from the March 15th total of 3,600 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is currently 1.6 days.

Oxford Lane Capital Stock Up 0.2 %

Oxford Lane Capital stock traded up $0.04 during mid-day trading on Thursday, reaching $24.11. 2,869 shares of the company traded hands, compared to its average volume of 4,854. The firm’s 50 day moving average price is $24.14 and its 200 day moving average price is $24.09. Oxford Lane Capital has a 52-week low of $23.30 and a 52-week high of $24.40.

Oxford Lane Capital Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be given a $0.1302 dividend. This represents a dividend yield of 6.49%. The ex-dividend date of this dividend 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.