Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Down 14.7% in March

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 8,100 shares, a drop of 14.7% from the February 28th total of 9,500 shares. Based on an average trading volume of 2,300 shares, the short-interest ratio is currently 3.5 days.

Oxford Lane Capital Trading Down 0.1 %

Shares of NASDAQ:OXLCN traded down $0.03 during midday trading on Wednesday, reaching $24.03. 3,160 shares of the company’s stock traded hands, compared to its average volume of 2,812. The company has a fifty day simple moving average of $24.22 and a two-hundred day simple moving average of $24.21. Oxford Lane Capital has a 1 year low of $23.36 and a 1 year high of $24.50.

Oxford Lane Capital Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.1484 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date of this dividend is Wednesday, April 16th.

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.