Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCN) Drops By 30.9%

Oxford Lane Capital Corp. (NASDAQ:OXLCN) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 4,700 shares, a decrease of 30.9% from the August 15th total of 6,800 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 1.3 days.

Oxford Lane Capital Price Performance

OXLCN stock traded up $0.17 during mid-day trading on Monday, reaching $24.38. 2,874 shares of the stock traded hands, compared to its average volume of 3,070. Oxford Lane Capital has a 52-week low of $22.11 and a 52-week high of $24.40. The stock’s fifty day moving average is $24.10 and its 200-day moving average is $23.84.

Oxford Lane Capital Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.1484 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.31%.

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.