Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Short Interest Down 57.7% in December

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCLGet Free Report) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,660 shares, a drop of 57.7% from the November 30th total of 3,920 shares. Based on an average daily volume of 2,173 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 2,173 shares, the short-interest ratio is presently 0.8 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

Oxford Lane Capital Corp. 6.75% Notes due 2031 stock traded down $0.05 during trading on Friday, hitting $24.05. The stock had a trading volume of 3,751 shares, compared to its average volume of 4,433. The stock’s 50 day moving average is $24.01 and its two-hundred day moving average is $23.79. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1 year low of $22.75 and a 1 year high of $24.38.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Sunday, March 15th will be paid a dividend of $0.4219 per share. The ex-dividend date is Friday, March 13th. This represents a $1.69 annualized dividend and a dividend yield of 7.0%.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

(Get Free Report)

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.

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