Oxford Lane Capital Corp. (NASDAQ:OXLCM) Sees Significant Decline in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCM) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 616 shares, a decline of 90.7% from the August 15th total of 6,609 shares. Based on an average daily volume of 6,785 shares, the days-to-cover ratio is presently 0.1 days.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock traded down $0.06 during midday trading on Thursday, hitting $25.03. The company had a trading volume of 7,324 shares, compared to its average volume of 14,142. Oxford Lane Capital has a 52-week low of $24.40 and a 52-week high of $25.48. The company has a 50 day moving average of $25.05 and a 200 day moving average of $25.03.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a $0.1719 dividend. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Monday, November 16th.

About Oxford Lane Capital

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. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.