Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Significant Decline in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 1,800 shares, a drop of 60.9% from the June 30th total of 4,600 shares. Based on an average trading volume of 3,900 shares, the short-interest ratio is currently 0.5 days.

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

Shares of NASDAQ OXLCL traded up $0.06 during midday trading on Thursday, hitting $23.67. 3,960 shares of the company’s stock were exchanged, compared to its average volume of 3,936. The firm’s fifty day simple moving average is $23.71 and its 200-day simple moving average is $23.87. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a twelve month low of $22.10 and a twelve month high of $24.35.

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

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Saturday, June 15th were paid a $0.4219 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.69 annualized dividend and a dividend yield of 7.13%.

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

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.