Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 5,600 shares, a decrease of 30.9% from the March 15th total of 8,100 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is presently 2.4 days.
Oxford Lane Capital Trading Down 0.3 %
Shares of NASDAQ OXLCN traded down $0.06 during trading on Friday, reaching $23.61. The company had a trading volume of 3,517 shares, compared to its average volume of 2,883. The company’s fifty day moving average price is $24.05 and its 200-day moving average price is $24.16. Oxford Lane Capital has a 12 month low of $23.40 and a 12 month high of $24.50.
Oxford Lane Capital Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.1484 per share. This represents a dividend yield of 7.54%. The ex-dividend date is Wednesday, April 16th.
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.
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