Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Stock Short Interest Falls 84.5%

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 492 shares, a drop of 84.5% from the August 31st total of 3,166 shares. Based on an average trading volume of 1,568 shares, the days-to-cover ratio is currently 0.3 days.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

Shares of NASDAQ:GAINZ traded down $0.02 during trading on Friday, hitting $24.27. 1,224 shares of the stock were exchanged, compared to its average volume of 9,182. Gladstone Investment Co. 4.875% Notes due 2028 has a 1-year low of $23.58 and a 1-year high of $24.50. The company’s fifty day simple moving average is $24.17 and its 200-day simple moving average is $24.08.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, November 1st. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.3047 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.22 dividend on an annualized basis and a yield of 5.0%.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

Gladstone Investment Corporation is a publicly traded business development company that provides financing and makes equity investments in established lower-middle-market companies in the United States. The company focuses on businesses with stable operations and experienced management teams, seeking to support their growth, acquisitions, recapitalizations and ownership transitions.

Gladstone Investment generally invests through a combination of debt and equity securities. Its debt investments may include senior secured loans and other structured financing, while its equity investments may involve controlling interests in portfolio companies.