Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Down 19.5% in February

Oxford Lane Capital Corp. (NASDAQ:OXLCN) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 9,500 shares, a decline of 19.5% from the February 13th total of 11,800 shares. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is currently 3.5 days.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock opened at $24.11 on Tuesday. Oxford Lane Capital has a 52-week low of $23.21 and a 52-week high of $24.50. The stock’s 50-day simple moving average is $24.27 and its 200 day simple moving average is $24.22.

Oxford Lane Capital Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.1484 dividend. This represents a $1.78 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend is Monday, March 17th.

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.