Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 1,300 shares, an increase of 1,200.0% from the December 31st total of 100 shares. Based on an average daily volume of 3,400 shares, the short-interest ratio is currently 0.4 days.
Oxford Lane Capital Stock Performance
Shares of NASDAQ OXLCP traded down $0.01 during midday trading on Tuesday, reaching $24.14. 10,751 shares of the stock were exchanged, compared to its average volume of 6,621. The stock has a 50 day moving average price of $24.07 and a 200-day moving average price of $23.93. Oxford Lane Capital has a 52-week low of $23.15 and a 52-week high of $24.20.
Oxford Lane Capital Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.1302 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.56 annualized dividend and a yield of 6.47%.
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.
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