Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 1,700 shares, a growth of 21.4% from the October 31st total of 1,400 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is currently 0.9 days.
Oxford Lane Capital Price Performance
Shares of NASDAQ:OXLCO opened at $22.98 on Monday. Oxford Lane Capital has a 12 month low of $21.46 and a 12 month high of $23.47. The stock’s 50 day moving average price is $22.94 and its 200 day moving average price is $22.66.
Oxford Lane Capital Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.50 annualized dividend and a dividend yield of 6.53%.
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.
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