Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCP) Increases By 350.0%

Oxford Lane Capital Corp. (NASDAQ:OXLCPGet Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 900 shares, a growth of 350.0% from the March 15th total of 200 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Oxford Lane Capital

A hedge fund recently raised its stake in Oxford Lane Capital stock. Resources Management Corp CT ADV lifted its stake in Oxford Lane Capital Corp. (NASDAQ:OXLCPFree Report) by 8,500.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,200 shares of the company’s stock after acquiring an additional 17,000 shares during the period. Resources Management Corp CT ADV’s holdings in Oxford Lane Capital were worth $391,000 at the end of the most recent reporting period.

Oxford Lane Capital Price Performance

NASDAQ OXLCP opened at $23.50 on Friday. The company has a 50 day simple moving average of $23.40 and a 200-day simple moving average of $23.15. Oxford Lane Capital has a 52-week low of $22.25 and a 52-week high of $23.77.

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.1302 per share. The ex-dividend date of this dividend is Monday, April 15th.

About Oxford Lane Capital

(Get Free Report)

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.

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