Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,000 shares, a decline of 28.6% from the February 13th total of 1,400 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is presently 0.4 days.
Oxford Lane Capital Price Performance
NASDAQ OXLCO traded up $0.11 during trading on Tuesday, hitting $23.04. 571 shares of the company’s stock traded hands, compared to its average volume of 2,294. Oxford Lane Capital has a 12-month low of $21.92 and a 12-month high of $23.47. The business has a 50 day moving average of $22.96 and a 200-day moving average of $22.92.
Oxford Lane Capital Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 6.51%. The ex-dividend date is Monday, March 17th.
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.
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