Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Up 50.0% in March

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,500 shares, a growth of 50.0% from the February 28th total of 1,000 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is currently 0.6 days.

Oxford Lane Capital Stock Down 0.1 %

Shares of NASDAQ:OXLCO traded down $0.03 during trading on Monday, reaching $22.92. The company’s stock had a trading volume of 757 shares, compared to its average volume of 2,301. Oxford Lane Capital has a 12 month low of $21.92 and a 12 month high of $23.47. The firm’s 50 day simple moving average is $22.99 and its two-hundred day simple moving average is $22.93.

Oxford Lane Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.50 annualized dividend and a dividend yield of 6.54%.

About Oxford Lane Capital

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.