Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 9,500 shares, a decline of 19.5% from the February 13th total of 11,800 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is currently 3.5 days.
Oxford Lane Capital Trading Down 0.0 %
Shares of Oxford Lane Capital stock opened at $24.11 on Tuesday. The firm’s 50-day moving average price is $24.27 and its two-hundred day moving average price is $24.22. Oxford Lane Capital has a 12-month low of $23.21 and a 12-month high of $24.50.
Oxford Lane Capital Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.1484 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.78 annualized dividend and a yield of 7.39%.
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.
Featured Articles
- Five stocks we like better than Oxford Lane Capital
- High Flyers: 3 Natural Gas Stocks for March 2022
- Can TikTok Stock Picks Really Make You Rich?
- The Most Important Warren Buffett Stock for Investors: His Own
- The “Quality” Rotation: Back to Basics Investing
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.
