Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Large Drop in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCLGet Free Report) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,500 shares, a drop of 55.9% from the January 15th total of 3,400 shares. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is presently 0.3 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

Shares of OXLCL remained flat at $23.94 during trading on Monday. 4,324 shares of the company’s stock were exchanged, compared to its average volume of 3,694. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1-year low of $21.90 and a 1-year high of $24.47. The business’s fifty day moving average is $23.54 and its 200-day moving average is $23.30.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be paid a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a yield of 7.05%. The ex-dividend date of this dividend is Friday, December 13th.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

(Get Free Report)

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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