Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCP) Declines By 54.9%

Oxford Lane Capital Corp. (NASDAQ:OXLCP) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 3,700 shares, a decrease of 54.9% from the March 31st total of 8,200 shares. Based on an average daily trading volume, of 5,600 shares, the short-interest ratio is presently 0.7 days.

Oxford Lane Capital Trading Up 0.1 %

OXLCP traded up $0.03 during midday trading on Monday, reaching $24.20. 4,065 shares of the company’s stock traded hands, compared to its average volume of 5,102. Oxford Lane Capital has a 52 week low of $23.30 and a 52 week high of $24.40. The firm has a fifty day moving average of $24.13 and a two-hundred day moving average of $24.10.

Oxford Lane Capital Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be issued a $0.1302 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a yield of 6.49%.

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.