Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Up 1,261.7% in March

Oxford Lane Capital Corp. (NASDAQ:OXLCN) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 2,492 shares, an increase of 1,261.7% from the February 26th total of 183 shares. Based on an average daily volume of 4,197 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 4,197 shares, the days-to-cover ratio is presently 0.6 days.

Oxford Lane Capital Stock Performance

NASDAQ:OXLCN opened at $24.30 on Wednesday. Oxford Lane Capital has a 52 week low of $23.40 and a 52 week high of $24.78. The stock’s fifty day moving average is $24.47 and its two-hundred day moving average is $24.41.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.1484 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Friday, May 15th.

Hedge Funds Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital makes up approximately 3.0% of Karpus Management Inc.’s portfolio, making the stock its 11th biggest holding.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.