Oxford Lane Capital Corp. (NASDAQ:OXLCI) Stock Short Interest Falls 81.2%

Oxford Lane Capital Corp. (NASDAQ:OXLCI) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,139 shares, a decline of 81.2% from the August 31st total of 6,070 shares. Based on an average daily trading volume, of 7,311 shares, the short-interest ratio is currently 0.2 days.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLCI traded up $0.06 during trading on Friday, reaching $25.32. 5,101 shares of the company were exchanged, compared to its average volume of 6,097. The business’s fifty day simple moving average is $25.62 and its 200-day simple moving average is $25.58. Oxford Lane Capital has a 12-month low of $25.10 and a 12-month high of $26.25.

Oxford Lane Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a $0.5469 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.19 annualized dividend and a yield of 8.6%.

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.