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

Oxford Lane Capital Corp. (NASDAQ:OXLCIGet Free Report) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 2,509 shares, a decrease of 67.6% from the January 29th total of 7,754 shares. Based on an average daily trading volume, of 16,173 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 16,173 shares, the short-interest ratio is currently 0.2 days.

Oxford Lane Capital Price Performance

NASDAQ:OXLCI traded down $0.02 during midday trading on Friday, hitting $25.69. 8,601 shares of the company were exchanged, compared to its average volume of 9,523. Oxford Lane Capital has a fifty-two week low of $24.93 and a fifty-two week high of $26.25. The company has a fifty day simple moving average of $25.74 and a 200 day simple moving average of $25.73.

Oxford Lane Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Sunday, March 15th will be issued a $0.5469 dividend. This represents a $2.19 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCIFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.

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