Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 11,664 shares, a decline of 32.2% from the June 30th total of 17,212 shares. Based on an average daily volume of 9,449 shares, the short-interest ratio is presently 1.2 days.
Oxford Lane Capital Stock Performance
Shares of NASDAQ:OXLCM opened at $24.84 on Friday. The business has a 50 day moving average price of $25.08 and a 200 day moving average price of $25.01. Oxford Lane Capital has a twelve month low of $24.40 and a twelve month high of $25.48.
Oxford Lane Capital Announces Dividend
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 paid a $0.1719 dividend. 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.
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