Oxford Lane Capital Corp. (NASDAQ:OXLCM) Sees Significant Decline in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCM) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 378 shares, a decline of 38.6% from the August 31st total of 616 shares. Based on an average daily volume of 9,224 shares, the short-interest ratio is presently 0.0 days.

Oxford Lane Capital Stock Performance

OXLCM stock traded up $0.04 during trading on Thursday, hitting $25.02. 753 shares of the stock traded hands, compared to its average volume of 13,111. Oxford Lane Capital has a 1 year low of $24.40 and a 1 year high of $25.48. The firm’s 50 day moving average is $25.05 and its two-hundred day moving average is $25.04.

Oxford Lane Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be paid a $0.1719 dividend. This represents a $2.06 annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Monday, November 16th.

About Oxford Lane Capital

Oxford Lane Capital Corp. is a closed-end management investment company that focuses primarily on investments in collateralized loan obligations (CLOs). CLOs are structured investment vehicles backed mainly by portfolios of senior secured corporate loans. Oxford Lane generally invests in the equity and junior debt tranches of these vehicles, seeking to generate current income and long-term total returns.

The company’s portfolio may also include other credit-related investments, such as debt securities and other structured finance instruments.