Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) Sees Large Growth in Short Interest

Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 7,500 shares, an increase of 36.4% from the March 15th total of 5,500 shares. Based on an average daily trading volume, of 6,400 shares, the days-to-cover ratio is currently 1.2 days.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Price Performance

Shares of Oxford Lane Capital Corp. 5.00% Notes due 2027 stock remained flat at $23.80 during trading on Friday. The stock had a trading volume of 13,000 shares, compared to its average volume of 4,975. The business’s 50 day simple moving average is $23.86 and its two-hundred day simple moving average is $23.78. Oxford Lane Capital Corp. 5.00% Notes due 2027 has a 12 month low of $22.95 and a 12 month high of $24.37.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.25 annualized dividend and a dividend yield of 5.25%.

About Oxford Lane Capital Corp. 5.00% Notes due 2027

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.