Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) Sees Significant Decline in Short Interest

Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZGet Free Report) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 244 shares, a decline of 94.1% from the December 15th total of 4,127 shares. Based on an average daily trading volume, of 4,355 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 4,355 shares, the days-to-cover ratio is currently 0.1 days.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Stock Performance

Shares of OXLCZ stock traded up $0.04 during mid-day trading on Monday, reaching $24.47. The company’s stock had a trading volume of 1,070 shares, compared to its average volume of 4,524. The company’s 50 day simple moving average is $24.39 and its 200-day simple moving average is $24.26. Oxford Lane Capital Corp. 5.00% Notes due 2027 has a 12-month low of $23.44 and a 12-month high of $24.54.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Sunday, March 15th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, March 13th.

About Oxford Lane Capital Corp. 5.00% Notes due 2027

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The Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ: OXLCZ) are senior unsecured debt securities issued by Oxford Lane Capital Corp., a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. These fixed-rate notes carry a 5.00% annual coupon, payable semi-annually, and mature in 2027. They trade on the Nasdaq Capital Market under the ticker symbol OXLCZ, providing investors with an opportunity to gain exposure to the yield generated by Oxford Lane Capital’s diversified investment portfolio.

Oxford Lane Capital Corp.

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