Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 2,507 shares, an increase of 51.0% from the December 15th total of 1,660 shares. Based on an average trading volume of 3,333 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 3,333 shares, the days-to-cover ratio is currently 0.8 days.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Performance
OXLCL stock traded down $0.08 during trading hours on Friday, hitting $24.15. The company’s stock had a trading volume of 1,994 shares, compared to its average volume of 4,409. The stock has a 50 day moving average price of $24.11 and a two-hundred day moving average price of $23.87. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12 month low of $22.75 and a 12 month high of $24.38.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Sunday, March 15th will be issued a $0.4219 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.69 dividend on an annualized basis and a yield of 7.0%.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile
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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