Oxford Lane Capital Corp. (NASDAQ:OXLCI) Short Interest Down 67.6% in February

Oxford Lane Capital Corp. (NASDAQ:OXLCI) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 2,509 shares, a drop of 67.6% from the January 29th total of 7,754 shares. Based on an average daily trading volume, of 16,173 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 16,173 shares, the days-to-cover ratio is currently 0.2 days.

Oxford Lane Capital Price Performance

OXLCI stock remained flat at $25.71 on Thursday. 1,483 shares of the company traded hands, compared to its average volume of 9,359. Oxford Lane Capital has a fifty-two week low of $24.93 and a fifty-two week high of $26.25. The stock’s fifty day moving average is $25.73 and its two-hundred day moving average is $25.73.

Oxford Lane Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Sunday, March 15th will be issued a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Friday, March 13th.

Hedge Funds Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.