Oxford Lane Capital Corp. (NASDAQ:OXLCM) Sees Large Drop in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCM) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 378 shares, a drop of 38.6% from the August 31st total of 616 shares. Based on an average trading volume of 9,224 shares, the days-to-cover ratio is presently 0.0 days.

Oxford Lane Capital Stock Performance

NASDAQ:OXLCM traded up $0.01 during trading hours on Friday, reaching $25.02. The company’s stock had a trading volume of 10,951 shares, compared to its average volume of 13,100. Oxford Lane Capital has a 12 month low of $24.40 and a 12 month high of $25.48. The stock has a 50 day moving average price of $25.05 and a two-hundred day moving average price of $25.04.

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 issued a dividend of $0.1719 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.2%.

About Oxford Lane Capital

Oxford Lane Capital Corp. is a closed-end management investment company that focuses primarily on investments in collateralized loan obligations (CLOs). CLOs are structured investment vehicles backed mainly by portfolios of senior secured corporate loans. Oxford Lane generally invests in the equity and junior debt tranches of these vehicles, seeking to generate current income and long-term total returns.

The company’s portfolio may also include other credit-related investments, such as debt securities and other structured finance instruments.