Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Update

by · The Cerbat Gem

Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,271 shares, an increase of 156.9% from the December 31st total of 884 shares. Based on an average daily volume of 4,955 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 4,955 shares, the short-interest ratio is presently 0.5 days.

Oxford Lane Capital Stock Down 0.3%

OXLCN stock traded down $0.08 during trading hours on Friday, hitting $24.60. 3,063 shares of the stock were exchanged, compared to its average volume of 4,133. Oxford Lane Capital has a 12 month low of $23.40 and a 12 month high of $24.78. The company has a 50-day simple moving average of $24.43 and a two-hundred day simple moving average of $24.37.

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.1484 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

About Oxford Lane Capital

(Get Free Report)

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.

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