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

Oxford Lane Capital Corp. (NASDAQ:OXLCM) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 11,664 shares, a decrease of 32.2% from the June 30th total of 17,212 shares. Based on an average daily trading volume, of 9,449 shares, the days-to-cover ratio is currently 1.2 days.

Oxford Lane Capital Price Performance

Shares of NASDAQ:OXLCM opened at $24.76 on Friday. Oxford Lane Capital has a one year low of $24.40 and a one year high of $25.48. The firm has a fifty day moving average price of $25.07 and a two-hundred day moving average price of $25.01.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.1719 per share. The ex-dividend date is Monday, November 16th. This represents a c) annualized dividend and a dividend yield of 8.3%.

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. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.