Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Grows By 21.4%

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,700 shares, a growth of 21.4% from the October 31st total of 1,400 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is presently 0.9 days.

Oxford Lane Capital Stock Up 0.3 %

Shares of OXLCO stock traded up $0.06 during mid-day trading on Monday, hitting $22.98. The company’s stock had a trading volume of 1,200 shares, compared to its average volume of 2,238. Oxford Lane Capital has a 52-week low of $21.46 and a 52-week high of $23.47. The business has a 50-day moving average price of $22.94 and a 200 day moving average price of $22.66.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend is Tuesday, December 17th.

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.