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

Oxford Lane Capital Corp. (NASDAQ:OXLCM) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 616 shares, a drop of 90.7% from the August 15th total of 6,609 shares. Based on an average trading volume of 6,785 shares, the days-to-cover ratio is presently 0.1 days.

Oxford Lane Capital Trading Up 0.1%

NASDAQ:OXLCM traded up $0.03 during mid-day trading on Friday, hitting $25.05. The stock had a trading volume of 3,982 shares, compared to its average volume of 14,059. Oxford Lane Capital has a twelve month low of $24.40 and a twelve month high of $25.48. The company’s 50 day simple moving average is $25.05 and its 200 day simple moving average is $25.03.

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 given a $0.1719 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a c) annualized dividend and a dividend yield of 8.2%.

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