Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Stock Short Interest Jumps 91.4%

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 4,610 shares, a growth of 91.4% from the September 30th total of 2,408 shares. Based on an average daily volume of 1,572 shares, the days-to-cover ratio is currently 2.9 days.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

NASDAQ GAINZ opened at $24.05 on Friday. The company has a fifty day simple moving average of $24.19 and a 200 day simple moving average of $24.08. Gladstone Investment Co. 4.875% Notes due 2028 has a 12-month low of $23.68 and a 12-month high of $24.50.

Gladstone Investment Co. 4.875% Notes due 2028 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, November 1st. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.3047 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.22 annualized dividend and a yield of 5.1%.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

Gladstone Investment Corporation is a publicly traded business development company that provides financing and equity capital to established lower middle-market businesses in the United States. Its investment strategy is designed to support companies seeking funding for buyouts, recapitalizations, growth initiatives, acquisitions and other strategic transactions.

The company typically invests in privately held businesses through a combination of secured and unsecured debt, subordinated debt and equity securities.