Oxford Lane Capital Corp. (NASDAQ:OXLCI – Get 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
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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