Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Rating) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 500 shares, an increase of 25.0% from the February 28th total of 400 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is presently 0.3 days.
Oxford Lane Capital Price Performance
Shares of Oxford Lane Capital stock opened at $21.16 on Thursday. The firm has a fifty day moving average of $21.50. Oxford Lane Capital has a 12-month low of $19.99 and a 12-month high of $24.90.
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Oxford Lane Capital Dividend Announcement
The company also recently declared a dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, March 16th. This represents a yield of 6.84%.
Oxford Lane Capital Company Profile
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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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