Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 2,057 shares, a decline of 40.7% from the December 15th total of 3,466 shares. Based on an average daily trading volume, of 11,763 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 11,763 shares, the days-to-cover ratio is currently 0.2 days.

Oxford Lane Capital Stock Performance

Shares of OXLCO stock traded down $0.25 during trading hours on Friday, reaching $23.50. The company had a trading volume of 1,469 shares, compared to its average volume of 1,907. The business has a fifty day moving average price of $23.45 and a 200-day moving average price of $23.34. Oxford Lane Capital has a one year low of $22.28 and a one year high of $24.01.

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.125 per share. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, February 13th.

Oxford Lane Capital Company Profile

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.