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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 4,700 shares, a decrease of 30.9% from the August 15th total of 6,800 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is presently 1.3 days.

Oxford Lane Capital Stock Up 0.7 %

Shares of NASDAQ OXLCN traded up $0.17 on Monday, hitting $24.38. The company’s stock had a trading volume of 2,874 shares, compared to its average volume of 3,070. Oxford Lane Capital has a 12-month low of $22.11 and a 12-month high of $24.40. The stock has a 50 day moving average of $24.10 and a 200-day moving average of $23.84.

Oxford Lane Capital Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.1484 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date of this dividend is Monday, September 16th.

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.