Oxford Lane Capital Corp. (NASDAQ:OXLCP) Short Interest Down 34.5% in March

Oxford Lane Capital Corp. (NASDAQ:OXLCP) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,600 shares, a drop of 34.5% from the February 28th total of 5,500 shares. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is presently 0.7 days.

Oxford Lane Capital Stock Performance

NASDAQ OXLCP traded down $0.02 during trading hours on Friday, hitting $24.18. 7,536 shares of the company’s stock traded hands, compared to its average volume of 4,823. Oxford Lane Capital has a 52 week low of $23.30 and a 52 week high of $24.40. The business’s fifty day moving average price is $24.18 and its two-hundred day moving average price is $24.08.

Oxford Lane Capital Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.1302 dividend. The ex-dividend date is Wednesday, April 16th.

About Oxford Lane Capital

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.