Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) Sees Large Decline in Short Interest

Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 169 shares, a drop of 96.7% from the May 14th total of 5,191 shares. Based on an average daily volume of 3,744 shares, the days-to-cover ratio is currently 0.0 days.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Stock Performance

Shares of OXLCZ traded down $0.01 during midday trading on Tuesday, hitting $24.77. The stock had a trading volume of 43,682 shares, compared to its average volume of 6,776. The company has a 50 day simple moving average of $24.71 and a two-hundred day simple moving average of $24.57. Oxford Lane Capital Corp. 5.00% Notes due 2027 has a twelve month low of $23.82 and a twelve month high of $24.89.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.3125 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.25 annualized dividend and a dividend yield of 5.0%.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Company Profile

The Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ: OXLCZ) are senior unsecured debt securities issued by Oxford Lane Capital Corp., a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. These fixed-rate notes carry a 5.00% annual coupon, payable semi-annually, and mature in 2027. They trade on the Nasdaq Capital Market under the ticker symbol OXLCZ, providing investors with an opportunity to gain exposure to the yield generated by Oxford Lane Capital’s diversified investment portfolio.

Oxford Lane Capital Corp.