Oxford Lane Capital Corp. (NASDAQ:OXLCP) Sees Significant Increase in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCP) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 5,500 shares, a growth of 37.5% from the February 13th total of 4,000 shares. Based on an average daily volume of 5,000 shares, the days-to-cover ratio is currently 1.1 days.

Oxford Lane Capital Price Performance

OXLCP traded up $0.12 during trading on Monday, reaching $24.12. The stock had a trading volume of 4,298 shares, compared to its average volume of 4,903. The stock’s 50 day moving average is $24.16 and its two-hundred day moving average is $24.05. Oxford Lane Capital has a one year low of $23.25 and a one year high of $24.26.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.1302 dividend. The ex-dividend date is Monday, March 17th.

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.