Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Rating) saw a large drop in short interest in May. As of May 15th, there was short interest totalling 400 shares, a drop of 50.0% from the April 30th total of 800 shares. Based on an average trading volume of 6,200 shares, the days-to-cover ratio is currently 0.1 days.
Oxford Lane Capital Stock Down 1.1 %
Shares of NASDAQ OXLCP traded down $0.24 during mid-day trading on Friday, hitting $22.51. 2,561 shares of the stock traded hands, compared to its average volume of 5,298. Oxford Lane Capital has a twelve month low of $21.30 and a twelve month high of $24.79. The firm’s 50 day simple moving average is $22.65.
Oxford Lane Capital Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.1302 per share. This represents a $1.56 annualized dividend and a yield of 6.94%. The ex-dividend date of this dividend is Wednesday, August 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.
- Get a free copy of the StockNews.com research report on Oxford Lane Capital (OXLCP)
- Big Lots Becomes A Stomach Churning Value Play
- The Melt-Up In Marvell Is On; But Don’t Chase It Higher
- Is Apple a Growth Stock or a Value Stock?
- Costco’s Earnings Call Reassure Economists, Recession Cancelled
- Hot Inflation, What It Means For The Summer Rally
Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.