Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Large Drop in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCLGet Free Report) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,500 shares, a decline of 55.9% from the January 15th total of 3,400 shares. Based on an average trading volume of 4,400 shares, the short-interest ratio is presently 0.3 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

Shares of NASDAQ:OXLCL remained flat at $23.94 during mid-day trading on Monday. 4,324 shares of the company were exchanged, compared to its average volume of 3,694. The stock has a fifty day moving average of $23.54 and a 200 day moving average of $23.30. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1-year low of $21.90 and a 1-year high of $24.47.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be issued a $0.4219 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.69 annualized dividend and a yield of 7.05%.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

(Get Free Report)

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.

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