Oxford Lane Capital Corp. (NASDAQ:OXLCM) Sees Significant Decline in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 378 shares, a decline of 38.6% from the August 31st total of 616 shares. Based on an average trading volume of 9,224 shares, the short-interest ratio is currently 0.0 days.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLCM traded up $0.04 on Thursday, reaching $25.02. 753 shares of the company’s stock traded hands, compared to its average volume of 13,111. Oxford Lane Capital has a 12 month low of $24.40 and a 12 month high of $25.48. The business’s 50 day simple moving average is $25.05 and its two-hundred day simple moving average is $25.04.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a dividend of $0.1719 per share. This represents a $2.06 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Monday, November 16th.

About Oxford Lane Capital

(Get Free Report)

Oxford Lane Capital Corp. is a closed-end management investment company that focuses primarily on investments in collateralized loan obligations (CLOs). CLOs are structured investment vehicles backed mainly by portfolios of senior secured corporate loans. Oxford Lane generally invests in the equity and junior debt tranches of these vehicles, seeking to generate current income and long-term total returns.

The company’s portfolio may also include other credit-related investments, such as debt securities and other structured finance instruments.

Further Reading

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