Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) Short Interest Down 87.6% in December

Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,832 shares, a decrease of 87.6% from the November 30th total of 14,827 shares. Based on an average daily volume of 11,797 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 11,797 shares, the short-interest ratio is currently 0.2 days.

Gladstone Investment Co. 8.00% Notes due 2028 Price Performance

GAINL stock traded up $0.04 during midday trading on Friday, hitting $25.22. 9,134 shares of the company’s stock were exchanged, compared to its average volume of 4,356. The firm has a 50 day moving average price of $25.40 and a 200-day moving average price of $25.52. Gladstone Investment Co. 8.00% Notes due 2028 has a 12-month low of $25.10 and a 12-month high of $26.34.

Gladstone Investment Co. 8.00% Notes due 2028 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, November 1st. Investors of record on Wednesday, October 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $2.00 annualized dividend and a yield of 7.9%.

Gladstone Investment Co. 8.00% Notes due 2028 Company Profile

Gladstone Investment Co 8.00% Notes due 2028 (NASDAQ: GAINL) are senior secured debt securities issued by Gladstone Investment Corporation, a business development company (BDC) that provides private capital to small and mid-sized U.S. businesses. Established in 2001 and externally managed by Gladstone Management Corporation under the leadership of co-founder and CEO David Gladstone, the BDC targets companies across a range of industries, including manufacturing, business services, and consumer products.

The Notes carry a fixed annual interest rate of 8.00%, with interest payable quarterly, and mature on June 1, 2028.